RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today released the following statement from Dennis Glass, president and CEO regarding the inclusion of the Setting Every Community Up for Retirement Enhancement (SECURE) Act provisions in the appropriations bill that passed Congress this afternoon.
“Today Congress, on a bipartisan basis, took a major step towards improving working Americans’ financial future and helping them achieve better outcomes in retirement. The SECURE Act provisions included in the appropriations legislation clears the way for employers to offer lifetime income benefit options to their employees and helps retirement savers ensure they do not outlive their savings. In addition to the lifetime income enhancements, it will also make it easier for small businesses to band together and provide retirement plans for their employees, which will allow hundreds of thousands of workers to start saving for retirement.
“Lincoln congratulates the broad array of stakeholders in both houses of Congress and the administration who have worked tirelessly to make this common-sense legislation a reality and bring American workers closer to the retirement they envision.”
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $261 billion in assets under management as of September 30, 2019. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, Lincoln was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women. Lincoln also earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com/.