On July 28, 2021, Brian Graff, CEO of the American Retirement Association, testified before the Senate Finance Committee in a Hearing entitled: “Building on Bipartisan Retirement Legislation: How Can Congress Help?”. In his testimony, Mr. Graff cited projections that enactment of new legislation could create 51 million new individuals saving for retirement and add an...

On May 28, 2021, the American Retirement Association wrote to Senators James Lankford (R-OK) and Michael Bennet (D-CO) in support of the Enhancing Emergency and Retirement Savings Act. The bill creates a new category of distribution in a 401(k) plan to allow workers to address a personal financial emergency without an additional tax penalty. (more…)