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ICMA-RC News & Updates

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Bush Administration Proposes Restructuring of Savings Plans
ICMA-RC, posted February 3, 2003
On Friday January 31, 2003 the Treasury Department formally unveiled its proposal to consolidate most of the tax-advantaged savings plans in existence today into three new accounts: Employer Retirement Savings Accounts, Retirement Savings Accounts, and Lifetime Savings Accounts.
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