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House Pass Bill makes major changes to US pension system



The House of Representatives adopted legislation that would bring significant changes to the US pension system, making it easier for employers to offer plans and include annuities as employee options.

Supported by a two-party group of legislators, including Rep. Richard Neal (D., Mass.), President of the House Ways and Means Committee, the house's version of the law would lift the age limit to contribute to individual retirement accounts, currently 70½. It would also increase the age to start taking required withdrawals …


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