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The Council joined over 100 organizations to send a letter to Capitol Hill and Treasury in support of a two-year delay for the effective date of a catch-up provision included in SECURE 2.0, in recognition that many Americans have not have adequately saved for retirement. The provision would require that workers who earned over $145,000 in the preceding year from the current employer must make their catch-up contributions on a Roth basis. We are requesting this effective date be pushed from 2024 to January 2026.

Read the letter.