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SECURE 2.0 reform legislation passed by Congress, awaits Biden signature

Posted On: Dec. 27, 2022 9:30 AM CST

The SECURE 2.0 retirement legislation passed House of Representatives on Dec. 23 as part of a $1.65 trillion spending bill, moving to President Joe Biden’s desk for his signature, Plansponsor reports. SECURE 2.0 was the combination of three separate bills seeking to broaden retirement saving among Americans in both participation and volume, particularly for lower-income workers and among small businesses, the report says.