Government Funding Legislation Includes the SECURE Act, Which Changes Retirement Plan Requirements | Practical Law
Congress has passed, and President Trump has signed into law, the Further Consolidated Appropriations Act, 2020, which includes the Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act (Act). The Act includes provisions relating to retirement plans such as multiple employer plans (MEPs), required minimum distributions, frozen defined benefit plans, and lifetime annuity options.