McKnight’s Once Again Turns to Cleveland Partner for Insights on Omnibus Bill
In another interview with McKnight’s Senior Living, Jeff Smith shares his insights on the Omnibus bill and the retirement provisions for employers and employees under the Setting Every Community Up for Retirement Enhancement Act 2.0, also known as “Secure 2.0.”
He once again explains that Secure 2.0 is aimed at incentivizing small employers to offer retirement programs, through plan startup tax credits and further modifications to pooled employer plans and multiple employer plans. And he adds that “employees are incentivized through such features as allowing employers to make matching contributions on student loan repayments and allowing greater catch-up contributions for those age 60 to 63.”
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