Posted on May 13, 2019

Retirement Security Solutions Continue to Gain Bipartisan Momentum

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today endorsed bipartisan retirement security legislation introduced today by Senators Rob Portman (R-Ohio) and Ben Cardin (D-Md.). IRI is the leading national trade association for the retirement income industry.

The measure contains provisions to boost worker savings in employer-provided retirement plans; improve access to guaranteed lifetime income products; increase the age for required minimum distributions from retirement accounts; and remove burdens and provide incentives for small businesses to initiate retirement plans.

“IRI enthusiastically supports the legislation introduced by Senators Portman and Cardin,” said Wayne Chopus, President & CEO, Insured Retirement Institute. “This effort demonstrates their continued leadership to advance common-sense, bipartisan policies to help Americans to achieve their retirement goals. The measures contained in the bill are a positive step forward towards expanding access to workplace retirement plans and increasing access to guaranteed lifetime income options, all of which will help Americans better prepare for their retirement years.”

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Contact: Dan Zielinski