House bills aim to increase access to annuities, modernize statements

Two measures introduced in the House are intended to make annuities more accessible and modernize how retirement statements are provided. The Increasing Access to a Secure Retirement Act would help employers offer annuity options in their retirement plans, while the Receiving Electronic Statements to Improve Retiree Earnings Act is aimed at lowering employers' administrative costs by allowing them to send retirement statements electronically.

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