Updated IRS requirements will affect some CU retirement plan participants

The SECURE 2.0 Act introduces several changes to employer-sponsored retirement plans and the rules governing employee contributions. Provision 603 of the Act introduces a significant change for employees age 50 and older who earned more than $150,000 in FICA wages in the prior tax year. Beginning Jan. 1, 2026, these employees will be required to make Roth (after-tax) catch-up contributions.