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Washington Perspective

Washington Perspective

Washington Perspective

A Message From Angela Montez, ICMA-RC's Senior Vice President, General Counsel and Chief Legal Officer

IRS Announces 2020 Retirement Plan Contribution Limits

November 7, 2019

On November 6, 2019, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2020.

SECURE Act Passed by the House; Faces Uncertain Future in the Senate

September 10, 2019

On May 23, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act, was passed by the House of Representatives in a near-unanimous, bipartisan vote of 417-3. The SECURE Act represents the first major piece of retirement legislation to be approved by the House since 2006.

Retirement Legislation to Assist with Student Loans

July 2, 2019

On May 13, 2019, Senators Ron Wyden (D-OR), Maria Cantwell (D-WA), Ben Cardin (D-MD), Sheldon Whitehouse (D-RI), Maggie Hassan (D-NH), and Sherrod Brown (D-OH) re-introduced the Retirement Parity for Student Loans Act.

House Passes SECURE Act by 417-3 Vote, Senate Reintroduces RESA

May 30, 2019

The House passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act by a 417-3 vote on May 23, 2019. Senate Finance Committee Chairman Chuck Grassley (R-IA) and Ranking Member Ron Wyden (D-OR) reintroduced the Retirement Enhancement and Savings Act (RESA) of 2019 on April 1, 2019. The overwhelming majority of provisions in both bills are identical (or very similar).

Retirement Champions Reengage on Next Retirement Bill

May 30, 2019

On May 14, 2019, Senators Rob Portman (R-OH) and Ben Cardin (D-MD) reintroduced the Retirement Security and Savings Act, which includes more than 50 discrete retirement proposals.

Retirement Legislation Watch

April 9, 2019

In December 2018, Senators Rob Portman (R-OH) and Ben Cardin (D-MD) introduced the bi-partisan Retirement Security and Savings Act. With the seating of a new (116th) Congress in January, this bill would need to be re-introduced to be further considered by Congress.

ICMA-RC and the Center for State and Local Government Excellence Introduce New Study Examining Public Employee Attitudes Toward Retirement and Auto-Enrollment

March 22, 2019

The Center for State and Local Government Excellence (SLGE) and ICMA-RC announced results from a new survey released today that finds nearly half of state and local employees approve of auto-enrollment in defined contribution plans, known as Supplemental Retirement Plans (SRPs), and 77 percent would choose to stay in a plan if auto-enrolled.

IRS Announces 2019 Retirement Plan Contribution Limits

November 1, 2018

On November 1, 2018, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2019.

Retirement Related Provisions of Tax Reform 2.0 Released

October 1, 2018

On Sept. 13, 2018, the House Ways and Means Committee voted along party lines to move forward three pieces of proposed legislation as part of "Tax Reform 2.0," which Ways and Means Chairman Kevin Brady (R-Texas) views as the sequel to last year's Tax Cuts and Jobs Act.

President Trump Issues Executive Order on Retirement-Related Matters

October 1, 2018

On Aug. 31, 2018, President Trump signed an executive order (EO) that directs the U.S. Department of Labor (DOL) and U.S. Department of the Treasury (Treasury) to work on a number of new retirement-related regulatory matters.

A Message From Angela Montez, ICMA-RC's Senior Vice President, General Counsel and Chief Legal Officer

Advocacy and Thought Leadership

ICMA-RC works with industry groups and meets with key Congressional staff at the Federal level as well as representatives at the State level to share our perspectives on policies and legislation we believe will positively impact plan sponsors and participants and better enable us to fulfill our mission of helping public employees build retirement security. Read more.

We encourage you to use this resource for updates on these and other retirement-planning topics as they develop.

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