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The Year-End Appropriation Bill and Your Retirement

The good, bad, and confusing policy changes and what they mean for you.

Congress proved it could manage to impeach a president, keep the government’s lights on, and legislate important new policy this week. (The metaphor everyone always uses is walk and chew gum, which seems a low bar. It’s more like they argued and decorated a Christmas tree, which is what the 2020 Appropriations Act is: Everyone got to hang something on it for the holidays.)

Included in that appropriations bill, which became law on Dec. 20, are some big changes to the retirement system.