The Senate has been working to finalize their version of the Securing a Strong Retirement Act of 2022 (SECURE 2.0) since its passage in the House of Representatives earlier this year. This second round of retirement savings legislation would update and improve the original SECURE Act that passed Congress at the end of 2019.

The New England Council has long supported sensible retirement savings legislation, benefitting employers and employees throughout the region. Last year, the Committee sent a letter of support to the House of Representatives for their version of SECURE 2.0 and we plan to do so for the current SECURE 2.0 package that is being finalized in the Senate.

Both the Senate Health, Education, Labor and Pensions (HELP) Committee and the Senate Committee on Finance have introduced their own versions of retirement savings legislation, which is believed to be combined into one final SECURE 2.0 package.

This letter of support asks the Senate to pass a strong bipartisan bill that includes provisions from both HELP and Finance Committees that will not only benefit employers and their employees, but also enhance the tools that financial advisors and professionals throughout the region use to help prepare current and future clients prepare for retirement.

Please contact Griffin Doherty with any feedback by 5:00 p.m. on Friday, September 30.