As the year draws to a close, prognosticators once again attempt to foresee what may be on the road ahead. In the financial world, a number of alarm bells have been sounding about shortfalls, potential or actual, in Medicare funding and the Social Security trust fund and the lack of action by politicians to address either.

Bills passed in the House or advanced out of committee are sitting gathering dust in the Senate: The Social Security 2100 Act, the Rehabilitation for Multiemployer Pensions Act, the Health Savings for Seniors Act and the Retirement Enhancement Act. However, the SECURE Act was passed by the Senate, attached to an end-of-year spending bill.

But 2020 is on the way no matter what action—or lack of it—is taken. Here's a short list of six changes that may await the retirement industry and plan participants in the coming year.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.