United States Senate seal. January 28, 2015. (Photo: Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.)
Hope, it has been said, is not a strategy. And while Chris Spence, senior director of government relations at TIAA, is certainly hopeful for passage of major retirement legislation this year—along with quite a few retirement services providers—there are indications beyond wishful thinking that it could get done.
"The feedback we are getting on Capitol Hill over the last two to three weeks is that the SECURE Act will get done this year," Spence told BenefitsPRO.
"That gives us reason for optimism," he said. "What we—TIAA and industry writ large—are going to do is push to see what avenues we can pursue between now and the end-of-year spending package."
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
