The SECURE Act is Here. Now What?
New retirement legislation impacts retirement plans and savers.
On December 20, 2019, the Further Consolidated Appropriations Act (FCAA) was signed into law. It included the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), along with a handful of other retirement measures previously passed in the House.
Key Points:
- Bipartisan retirement legislation was signed into law on December 20, 2019, and will bring changes to retirement plan sponsors and individual retirement savers.
- Some provisions became effective immediately or soon afterwards, and may merit immediate plan sponsor attention.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.