Lawmakers introduced bills in 2024 to end taxes on Social Security benefits, change the Social Security cost-of-living adjustment calculation and require small businesses to offer workplace retirement plans, among other retirement-related proposals.
What’s next in 2025? Another big retirement bill — Secure 3.0, according to former Labor Department official Preston Rutledge.
"Many plan sponsors and their providers and advisors are still digesting Secure 2.0, and aren’t especially keen on having to process another round of retirement changes too soon," Mark Iwry, the former head of national retirement policy during the Obama-Biden administration, who's now a nonresident senior fellow at the Brookings Institution in Washington, told ThinkAdvisor.
At the same time, he said, “others among us in the retirement community have developed drafts of various improvements to the system that could be proposed for Congress to consider as part of a bipartisan retirement package riding on a 2025 tax bill.”
See the gallery for some of the top retirement bills introduced in 2024.
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