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May 27th, 2022 Information & Insights for the 403(b) Community New Retirement Bill Amending ERISA Introduced in Congress Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed. Retirement Bill Eyeing ERISA Arbitration Ban Stirs Strong Reaction The largest U.S. business lobbyist opposes bill banning discretionary clauses. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” More Concern on the Doorstep of Retirement Last year, the percentage of working Americans nearing retirement age who felt financially prepared for retirement was 26%; this year, that number has declined to just 22%. Empower Partners with Rockefeller on Retirement Platform The platform allows plan sponsors to add an extra layer of fiduciary protection. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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