On December 29, 2022, President Biden signed into law the $1.7 trillion Consolidated Appropriation Act, 2023. Included in the more than 4,000 pages of legislation are various spending and appropriations bills, including the long-anticipated retirement saving bill known as SECURE 2.0 Act of 2022 (“the Act” or “SECURE 2.0”). Below you will find summaries that provide explanations of many of the key changes enacted under SECURE 2.0. In total, the Act includes 92 new or modified retirement provisions. In some respects, this new law is a continuation and amplification of the changes made under the SECURE Act passed in 2019, but also included are many new provisions that attempt to address deficiencies in retirement plan participation and savings among workers.

Provisions Effective January 1, 2023 Provisions Coming In 2024 And Beyond

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