Retirement Overhaul Gains Traction With Senate Bill

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Retirement Overhaul Gains Traction With Senate Bill
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Proposed legislation to overhaul the U.S. retirement system would be the most significant to retirement plans since 2006

The Senate on Monday introduced legislation to overhaul the U.S. retirement system, a sign that efforts to revamp retirement-savings plans are gaining traction.

The move comes shortly after the House of Representatives on Friday introduced its own legislation on the U.S. retirement system. Analysts say a bill could be passed by Congress and signed into law this year.

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