SECURE 2.0 Resource Center

Effective Now

• RMD age increases
• RMD excise tax reduction
• Eliminate the 457(b) "First day of the month" rule
• Qualified federally declared disaster relief – distributions
• Exclusion (up to $3,000) for health insurance payments for retired public safety
• Expansion of 10% additional tax exception for public safety officers at age 50
• Self-certification for hardship and unforeseeable emergency distributions
• Exemption of pre-death RMDs from Roth accounts
• Surviving spouse treated as the employee
• Penalty-free withdrawals for individuals in case of domestic abuse
• EPCRS: Safe harbor for corrections of automatic deferral failures
• Treatment of student loan payments as elective deferrals for purposes of matching contributions
• $1,000 emergency withdrawal for certain emergency expenses
• Emergency savings accounts linked to individual account plans
• Updating dollar limits for mandatory distributions
• Exemption for certain auto-portability transactions
• Rollovers from 529 plans to Roth IRAs

Effective 2025 and Later

• Catch-up contributions must be made on a Roth basis
• Higher age-based catch-up contribution limit for Ages 60-63
• EPCRS: Expansion
• Reduced service requirement for long-term, part-time employees
• Saver’s Credit and promotion of Saver’s Credit
• Plan amendments

*Effective dates are generalized for illustrative purposes and vary depending on the provision.