SS&C Blog

BLOGS. January 3, 2023

SECURE ACT 2.0: Retirement Reforms and Provisions

After much anticipation and with bi-partisan support, the SECURE Act 2.0 has been approved by both chambers of Congress as part of the $1.7 trillion spending bill that will fund the government through the 2023 fiscal year. The Act contains more than 90 sections (items) of new or updated retirement reforms.  Overall provisions of SECURE 2.0 further improve the ability for workers to save for retirement by encouraging participation and simplifying plan access.