SECURE Act definition

SECURE Act means the Setting Every Community Up for Retirement Enhancement Act of 2019, signed into law on December 20, 2019, and the rules and regulations promulgated thereunder.
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SECURE Act means the Setting Every Community Up for Retirement Enhancement Act of 2019, as now in effect or as hereafter amended, and the applicable regulations and rulings thereunder. All citations to sections of the SECURE Act are to such sections as they may from time to time be amended or renumbered.
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SECURE Act means the Setting Every Community Up for Retirement Enhancement Act 0f 2019.
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Examples of SECURE Act in a sentence

  • One significant provision of the SECURE Act that will become effective on January 1, 2021, is the broadened eligibility requirements for certain part-time employees.The new “dual eligibility” rule creates an alternative to the traditional eligibility minimum service requirement that employees complete at least 1,000 hours of service within a twelve-month period (a “Year of Service”).

  • This measure of the SECURE Act required the Department of Labor’s Employee Benefit Security Administration (EBSA) to provide regulatory guidance within one year to establish the actuarial and other assumptions plan sponsors can use to convert a plan participant’s account balance into an SLA and QJSA and also to provide model disclosures plan sponsors can use and rely to provide the required illustration.

  • Exceptions for Spousal BeneficiariesThe options available to spousal IRA beneficiaries are relatively unchanged under the SECURE Act.

  • Accelerated Withdrawals for IRA BeneficiariesEffective for deaths occurring on or after January 1, 2020, the SECURE Act of 2019 changes the withdrawal options for many nonspouse IRA beneficiaries.

  • Many of the provisions contained within the SECURE Act are effective January 1, 2020.Due to the extremely short timeframe between the bill’s passage and the January 1, 2020 effective date for some of the bill’s key IRA provisions, financial service providers are having to proceed in good faith with minimal guidance from federal regulators.

  • Required Minimum Distributions Beginning at Age 72The SECURE Act of 2019 changes the age at which Traditional, SEP and SIMPLE IRA owners must begin taking required minimum distributions (RMDs).Individuals Born After June 30, 1949Under the SECURE Act of 2019, individuals born after June 30, 1949, must begin taking required minimum distributions at age 72.

  • This Disclosure Supplement is intended to provide you with a general, high-level overview of the IRA changes included in the SECURE Act of 2019.

  • Given the complexity of these changes and the near-term lack of federal guidance, we encourage you seek the assistance of a competent tax and/or legal professional if you have questions or concerns about how you may be affected by the SECURE Act of 2019.

  • Budget and Budget Justification: The SF-424A must be completed, and there should be a detailed budget justification accompanying the SF-424 budget forms (SF-424A non-construction or SF-424C construction, as appropriate).

  • Traditional IRA Funding—Age 70½ RestrictionThe SECURE Act of 2019 eliminates the 70½ age restriction for funding a Traditional IRA.2020 Tax Year and BeyondUnder the SECURE Act of 2019, the age restriction on funding a Traditional IRA has been eliminated beginning with the 2020 tax year.


More Definitions of SECURE Act

SECURE Act means the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.”
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SECURE Act means the Setting Every Community Up for Retirement Enhancement Act of 2019, as now in effect or as hereafter amended, and the applicable regulations and rulings
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Related to SECURE Act

  • Trust Indenture Act means the Trust Indenture Act of 1939, as amended.

  • Criminal Procedure Act means the Criminal Procedure Act, 1977 (Act No. 51 of 1977);

  • Affordable Care Act means, collectively, the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act of 2010.

  • TIA means the Trust Indenture Act of 1939, as amended.

  • ss County of New York) On the 29th day of June, 1998 before me, a notary public in and for the State of New York, Xxxxx X. Xxxxxx, personally appeared, known to me who, being by me duly did depose and say that he is the Assistant Secretary of Bankers Trust Company of California, N.A., a national banking association, one of the parties that executed the foregoing instrument; and that he signed his name thereto by order of the Board of Directors of said association. --------------------------------- Notary Public [Notarial Seal] EXHIBIT A FORMS OF LOAN GROUP F CERTIFICATES XXXXXXX X-0 FORM OF CLASS F CERTIFICATES UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). Certificate No. : Cut-Off Date : May 31, 1998 First Distribution Date : July 15, 1998 Initial Certificate Principal Balance of this Certificate ("Denomination") :

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1992 Act means the Local Government Finance Act 1992;

  • Prohibited Practices means the prohibited practices set forth in paragraph 4 of the Policy on Prohibited Practices;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • the 1984 Act means the Road Traffic Regulation Act 1984;

  • Water Act, as used in this clause, means Clean Water Act (33 U.S.C. 1251 et seq.).

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;