The SECURE 2.0 Act of 2022 builds upon the original SECURE Act of 2019 to further enhance America’s retirement system. This legislation introduces numerous provisions aimed at simplifying retirement savings and making it more accessible for Americans. Key changes include expanded automatic enrollment, increased catch-up contributions and new options for student loan payment matching. Additionally, the Act provides new opportunities for part-time employees and introduces starter plans to encourage broader participation.
Read the SECURE 2.0 information sheet in the Insperity Help Center for more information on the significant provisions of SECURE 2.0 and their implications for payroll and retirement planning.