In this edition of Washington Insights, we address two retirement-related topics in the news recently.
First, we will review proposed hardship regulations issued in November 2018.
Second, we will take a look at the recent concern over the status and viability of multiemployer pension plans.
The Family Savings Act of 2018 focuses on retirement and savings issues and is part of the “Tax Reform 2.0” package of bills which follow up on the Tax Cuts and Jobs Act from late last year.
The recently-introduced Commission on Retirement Security Act of 2018 (listed in the “Retirement reform” section below) would establish a federal commission to review private retirement benefit programs and report to Congress on how to improve private retirement security in the United States
A number of the retirement-related bills recently introduced in Congress are wide-ranging in scope and include several different provisions to enhance retirement savings.