SIFMA Statement On Executive Order On Retirement Security

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Executive Order signed today directing the Department of Labor and Department of Treasury to examine policies related to retirement savings:

“We commend the Administration for this important step to increase access to retirement savings plans. Expanding access to programs like open multiple employer plans (MEPS) would allow more small businesses to offer retirement savings plans for their employees and further efforts to close the savings gap. We also support a review of current required minimum distribution (RMD) rules to allow seniors to leave funds in certain retirement accounts longer.”