Keystone Saves Bill Passes Pennsylvania House
By ISHAAN ANAND
The need for more robust retirement savings for workers is an issue which has been top of mind for legislators over the last several years. Broader access to employer sponsored retirement savings plan along with reduced hurdles to participation are just two of the many issues that have to be considered. Last December, Congress passed the Consolidated Appropriation Act of 2023, which included the SECURE Act 2.0. This legislation, named after the original SECURE Act passed in 2019, delivers several reforms and updates to benefit workers and make it less burdensome for small employers to offer retirement plans. While these reforms offer some measure of relief, many states have elected to make further changes.