The Setting Every Community Up for Retirement Enhancement Act of 2022 (SECURE 2.0) was enacted as part of the Consolidated Appropriations Act of 2023 (HR 2617), the $1.7 trillion omnibus spending bill signed by President Joe Biden in Dec. 2022. Among the long list of changes adopted in the law are some that improve how employer-sponsored defined contribution retirement plans can better deliver financial security in retirement. SECURE 2.0 moves these retirement programs closer to the defined contribution (DC) plan design best practices long promoted by Reason Foundation’s Pension Integrity Project, but it also illuminates the overly complex nature of
