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09 ARTICLES

GENERAL

Articles and firm updates

02

The SECURE 2.0 Act of 2022

The SECURE 2.0 Act of 2022 (Act) was signed into law on December 29, 2022, to increase retirement savings, improve retirement rules, and lower employer costs of setting up a retirement plan. Plan amendments required by the Act generally need not be made until the end of the first plan year beginning on or after January 1, 2025; however, plans must be operated in accordance with the effective date of each new provision.

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04

Michigan – UIA Update

UIA is in the process of updating benefit charges for contributing and reimbursing employers. We are taking this action in order to comply with the temporary expansion in unemployment eligibility and cost-sharing that is part of the Governor’s Executive Order 2020-76.

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