SECURE 2.0 Act and SECURE Act Resource Kit

Summary

This resource kit assembles content that addresses the significant changes to the Internal Revenue Code (IRC) and the Employee Retirement Income Security Act (ERISA) rules for tax-favored retirement plans, under the SECURE 2.0 Act, signed into law on December 29, 2022, as Division T of Consolidated Appropriations Act, 2023 (Pub. L. No. 117-328) and the Setting Every Community Up for Retirement Enhancement Act of 2019, signed into law on December 20, 2019, as Division O of the Further Consolidated Appropriations Act, 2020 (Pub. L. No. 116-94) (referred to here as the SECURE Act). While the SECURE 2.0 Act built on the SECURE 1.0 Act , each sought to improve retirement plan accessibility and incentivize individuals to save for retirement.