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SECURE Act

VIVIAN ALTMAN

Westfield

Retirement savings become increasingly important as Americans live longer. As the cost of living increases, many Americans worry that they will not have enough retirement savings to provide for them as they age.

Congress is currently considering legislation that can help middle class Americans as they deal with the cost of retirement. This spring the U.S. House passed with overwhelming, bipartisan support the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Now, the U.S. Senate is considering the SECURE Act, which addresses several specific retirement security issues facing Americans with common sense solutions.

The SECURE Act requires employers to provide financial education to prepare workers to save for retirement. Additionally, it will allow small businesses to receive a financial incentive to provide 401K plans for employees and to include annuity options in their retirement plans. The bill contains much more, including a provision to help small businesses join together to offer plans. The provision alone will prompt 700,000 more Americans to save for retirement

Call Pennsylvania U.S. Sens. Pat Toomey and Bob Casey and tell them it is time for the Senate to make Americans retirement security a priority and pass the SECURE Act.

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