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Employee Benefits

Bill would increase age retirement plan minimum distribution age

June 15, 2021 Reprints

Legislation recently introduced by Sen. John Kennedy, R-Louisiana, would raise the required minimum distribution age from 72 to 75 for certain retirement accounts, Plansponsor reports. The move comes just two years after the age was increased from 70.5 to 72 by the Setting Every Community Up for Retirement Enhancement Act.

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Bill would increase age retirement plan minimum distribution age

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