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ARTICLE · 28 APRIL 2022

Summary Of House-Passed SECURE 2.0 Legislation

Groom Law Group, Chartered
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On March 29, the House overwhelmingly passed H.R. 2954, the Securing a Strong Retirement Act of 2021 ("SSRA"), by a vote of 414-5.

United StatesEmployment and HR
Elizabeth Dold
Elizabeth Dold
Michael Kreps
Michael Kreps
Louis Mazawey
Louis Mazawey
Diana McDonald
Diana McDonald
Brigen Winters
Brigen Winters
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On March 29, the House overwhelmingly passed H.R. 2954, the Securing a Strong Retirement Act of 2021 ("SSRA"), by a vote of 414-5. This alert contains Groom's summary of the legislation as passed by the chamber.

The SSRA contains provisions from the version of the bill approved by the House Ways and Means Committee in May 2021 and from the Education and Labor Committee's RISE Act (H.R. 5891) approved in November 2021.

The SSRA takes the bulk of its provisions from the Ways and Means version of the bill, including:

  • requiring automatic enrollment in new plans;
  • phasing in an increase in the required minimum distribution age;
  • allowing a higher catch-up limit; and
  • facilitating matching contributions with respect to student loan repayments.

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