The Stretch's Future May Not Be SECURE
Retirement Daily Guest Contributor
Editor's note: Just last week, 401(k) Specialist, among other publications, noted that several U.S. Senators are piping up about the Setting Every Community Up for Retirement Enhancement, or SECURE, Act, a bipartisan proposal that passed the House in May by a vote of 417-3, but has languished since. GOP Sen. Tim Scott, of South Carolina, wrote to Senate Majority Leader Mitch McConnell (R-Ky..), urging immediate Senate consideration of the SECURE Act. Scott was joined by Rob Portman (R-Ohio), who had previously advocated for moving the bill forward, as well as fellow Republicans Susan Collins (Maine), Joni Ernst (Iowa), Cory Gardner (Colo.), Martha McSally (Ariz.), and Thom Tillis of North Carolina. The bill is generally seen as encouraging more coverage for workers nationwide, 401(k) Specialist notes in its blog.
By Ashok Ramji