House passes bill significantly modifying the US pension system



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The House of Representatives passed a law that would make substantial changes to the US pension system, allowing employers to offer plans more easily and to include optional annuities for workers.

Supported by a group of bipartisan legislators including the representative Richard Neal (D., Mass.), Chair of the House Ways and Means Committee, the version of the Act repealing the age limit for contribution to accounts individual pension, currently 70 years and a half. It would also increase the age to start making the required withdrawals …

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