Senate Spending Bill Includes Significant Changes to U.S. Retirement System

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Inside the spending legislation the Senate just passed: the most significant changes in more than a decade to the nation’s retirement system

Inside the spending legislation the Senate passed on Thursday are the most significant changes in more than a decade to the nation’s retirement system.

One prominent provision of the law, which the House of Representatives passed on Tuesday and President Trump is expected to sign, encourages 401 plans to replicate a feature of old-fashioned pensions by offering products with guaranteed income payments.

 

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