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ARTICLE · 16 JANUARY 2023

SECURE Act 2.0: Hold My Beer

Seyfarth Shaw LLP
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The SECURE Act, passed just before the onset of the COVID-19 pandemic at the end of 2019 ("SECURE 1.0"), significantly altered the retirement plan landscape.

United StatesEmployment and HR
Sarah Touzalin
Sarah Touzalin
Christina Cerasale
Christina Cerasale
Richard G. Schwartz
Richard G. Schwartz
Benjamin Spater
Benjamin Spater
Andrew R. Overway
Andrew R. Overway
Irine Sorser
Irine Sorser
Alisha N. Sullivan
Alisha N. Sullivan
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Seyfarth Synopsis: The SECURE Act, passed just before the onset of the COVID-19 pandemic at the end of 2019 ("SECURE 1.0"), significantly altered the retirement plan landscape. For a reminder on how the SECURE Act changed the retirement landscape click here and here. At the time it was enacted, SECURE 1.0 probably made the most comprehensive changes to the laws governing employer-sponsored retirement plans since the Pension Protection Act of 2006.

Congress, however did not stop with the enactment of SECURE 1.0. In 2021, another bill, Securing a Strong Retirement Act of 2021, was considered but never passed. The bill was revised and reconsidered in 2022, renamed the Securing a Strong Retirement Act of 2022, and passed the House on March 29, 2022. Two separate bills were introduced in the Senate: the Senate Health, Education, Labor and Pensions Committee's Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act, or "RISE &

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