WASHINGTON, D.C. – The Insured Retirement Institute (IRI) issued a statement by Paul Richman, Chief Government and Political Affairs Officer, following today’s House Financial Services Committee vote to pass the Retirement Fairness for Charities and Educational Institutions Act of 2023 (HR 3063).
“This bipartisan bill will put millions of teachers, hospital workers, clergy, and non-profit employees participating in 403(b) retirement plans on a level playing field with all other retirement savers.
Participants in 403(b) retirement plans deserve full parity with all other retirement plan participants. The changes to federal securities laws proposed in the bill will provide that parity. The legislation will give 403(b) plan participants a choice of more robust investment lineups consisting of lower-cost options that preserve principal and provide protected guaranteed lifetime income.
We appreciate the leadership and effort of House Financial Services Committee members who voted today to advance the Retirement Fairness for Charities and Educational Institutions Act of 2023. IRI will work with House leadership to bring this bill to a floor vote.”
IRI Letter of Support – May 3, 2023
IRI Press Release – May 3, 2023
# # #
Contact: Dan Zielinski
Stay Informed
Latest News
STATEMENT BY WAYNE CHOPUS, PRESIDENT AND CEO, INSURED RETIREMENT INSTITUTE REGARDING THE PROPOSED DEPARTMENT OF LABOR FIDUCIARY REGULATION
The Department of Labor’s (DOL) decision to try again to advance a new fiduciary proposal will hurt working families’ ability…
IRI PROPOSES CHANGES TO NAIC ARTIFICIAL INTELLIGENCE MODEL BULLETIN
WASHINGTON, D.C. – A proposed model National Association of Insurance Commissioners bulletin on insurers’ use of algorithms, predictive models, and…
Think Advisor Op-Ed: TIME FOR DOL TO STOP WORKING ON FIDUCIARY RULE
Wayne Chopus, President and CEO, IRI, explains why the U.S. Department of Labor should stop working on a new fiduciary…