Securing a Strong Retirement Act:
Building on the SECURE Act’s success

Increasing retirement savings through automatic enrollment, new incentives, and expanded coverage

SECURE 2.0

• Builds on the success of the 2019 SECURE Act

• Helps more Americans save for retirement at all stages of their career

• Makes it easier for small businesses to set up retirement plans for their workers

SECURE 2.0 Proposals Include:

• Creates new tax credits to encourage small employers to offer retirement plans. The Credits fully offset administrative costs and provides a per employee credit of up to $1,000 for employer matching contributions.

• Helps moderate income households build their savings with a bigger and simpler Saver’s Credit.

• Supports employees with student loan debt by allowing employer matching contributions to a retirement plan for employees that are making payments on student loans.

• Helps workers catch up saving for retirement late in their careers by doubling the “catch-up” contribution limit from $5,000 to $10,000

• Provides a tax credit for small employers that make plan benefits more available to military spouses.