Daily Tax Report ®

Senators Seeking Path Forward on Retirement Savings Bills

May 14, 2019, 6:32 PM

A Finance Committee hearing on challenges to the retirement system presented a conundrum for attendees: stick with a legislative bundle that has languished for years or move to a “next-generation” proposal industry professionals say builds towards the future.

There was plenty of discussion at the May 14 meeting about what needs to be done to bolster retirement savings, but no breakthroughs emerged on how to make any of it happen.

Senate tax writers discussed the pros and cons of three leading contenders—the Ways and Means Committee-passed package (H.R. 1994), the latest version of the Retirement Enhancement and Savings...

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