SECURE 2.0 Act Tracker

Summary

This tracker summarizes significant changes to the Internal Revenue Code (IRC) and Employee Retirement Income Security Act (ERISA) rules for tax-favored retirement plans under the SECURE 2.0 Act. The SECURE 2.0 Act was signed into law on December 29, 2022, as Division T of Consolidated Appropriations Act, 2023 (Pub. L. No. 117-328). In large part, this legislation continues efforts begun two years previously, in the Setting Every Community Up for Retirement Enhancement (SECURE) Act (Div. O of the Further Consolidated Appropriations Act, 2020 (Pub. L. No. 116-94)), to incentivize individuals to save for retirement, to increase flexibility in managing retirement savings, and to ease the burdens of plan sponsorship for employers.