President Biden Signs Laws to Assist Retirees
On December 29, 2022, President Biden signed an omnibus spending act known as the “Consolidated Appropriations Act, 2023” which included the Secure Act 2.0, and which contains two provisions which assist retirees impacted by pension risk transfer (PRT) deals. The first provision relates to improved transparency of information for retirees. Section 319 directs the Treasury […]