The Retirement Security Act

The Retirement Security Act is a piece of legislation aimed at improving retirement savings for American workers. It seeks to make it easier for individuals to save for retirement by enhancing access to retirement plans, increasing contribution limits, and offering tax incentives. The Act often addresses issues like automatic enrollment in retirement plans, protecting retirement savings from creditors, and promoting the use of pooled employer plans, which allow smaller businesses to band together to offer retirement benefits. Overall, the goal is to help ensure that more people can save adequately for their future financial security.