Legislation
In what may be their final act teaming up on retirement security legislation, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) on May 21 reintroduced their Retirement Security and Savings Act (S. 1770).
Like the previous version introduced in the last session of Congress, the 163-page bill includes more than 50 provisions designed to strengthen Americans’ retirement security by addressing four major opportunities in the existing retirement system:
allowing people who have saved too little to set more aside for their retirement;
helping small businesses offer 401(k)s and other retirement plans;
expanding access to retirement savings plans for low-income Americans without coverage; and
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Author:
May 24, 2021
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