Does the SECURE 2.0 Act Improve Equity in Workers' Access to Retirement Accounts?

Table of Contents

• Does the SECURE 2.0 Act Improve Equity in Workers Access to Retirement Accounts 1
• Contents 3
• Foreword Equity Scoring and Equal Protection 4
• Note 6
• Acknowledgments 8
• Executive Summary 9
• Does the SECURE 2.0 Act Improve Equity in Workers Access to Retirement Accounts 11
• Why We Focus on Retirement Insecurity among Older and Disabled Adults and Evaluate Federal Efforts to Combat It 11
• Policies Targeting Economic Security among Older and Disabled Adults 13
• The Equity Scoring Initiative 14
• How We Analyzed the SECURE 2.0 Act 16
• Provisions We Studied 17
• Data and Population of Interest 18
• Key Outcomes and Other Variables of Interest 19
• Analytical Approach 20
• Operationalizing Equity and Generating Equity Scores 21
• Projected Impact of SECURE 2.0 23
• Summary of Equity Improvement 25
• What Do SECURE 2.0s Provisions around Access to Retirement Plans Illustrate about Equity Scoring 28
• Encouraging versus Requiring Employers to Increase Access 29
• Adjusting the Timing and Amount of Distributions from Retirement Savings Plans 29
• Examining the Groups Who Continue to Be Disfavored and Favored 30
• Implications for Equity Scoring of Access-Oriented Proposals 30
• Notes 32
• References 33
• About the Authors 35