SECURE 2.0 Act Makes Comprehensive Changes to Retirement Plans | Practical Law
Congress has passed, and President Biden has signed into law, the Consolidated Appropriations Act, 2023. Title T of the Act, known as the SECURE 2.0 Act of 2022, includes numerous changes to retirement plans such as the expansion of automatic enrollment, an increase in the age for required minimum distributions, treatment of student loan payments as elective deferrals, and other provisions designed to increase Americans' retirement savings.