Summary
Section 603 of the SECURE 2.0 Act of 2022 placed restrictions on
catch-up contributions such that individuals having earnings of more
than $145,000 in the
previous calendar year would be required to make all catch-up
contributions as Roth after-tax contributions.
In this week’s Fast
Fact, the Public Retirement Research Lab Database is analyzed to assess
the impact of this provision on public-sector
retirement plans and
participants.