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ARTICLE · 13 JANUARY 2020

Finally SECURE: Opportunities In The 2019 SECURE Act For Plan Sponsors

The SECURE Act—the most significant piece of retirement plan legislation in more than a decade—is now law.

United StatesEmployment and HR

Overview

On December 19, 2019, Congress passed the Further Consolidated Appropriations Act of 2020. Tucked into this year-end spending bill is the SECURE Act—the most significant piece of retirement plan legislation in more than a decade—and a number of other provisions impacting health and welfare plans. Plan sponsors should immediately start considering how these changes could impact their retirement and health and welfare plans in 2020 and beyond.

In Depth

On December 19, 2019, Congress passed the Further Consolidated Appropriations Act of 2020 (the Act), which the President signed into law shortly thereafter. This year-end spending bill included the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and a number of other new rules impacting health and welfare plans.

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