AVMA welcomes retirement legislation

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For immediate release: 05/22/2019

​American Veterinary Medical Association (AVMA) President Dr. John de Jong released the following statement in response to today's passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (H.R. 1994) in the U.S. House of Representatives. This bipartisan legislation expands potential retirement opportunities for small businesses by allowing for the establishment of multi-employer plans, which enable employers to band together to improve retirement offerings.

"For veterinarians, retirement planning can be a challenge. Many veterinarians are small business owners or work at a small practice, which means they typically don't have access to the same retirement plans offered at larger companies. Today's passage of retirement legislation is an exciting step toward addressing this challenge and increasing retirement options for small businesses. AVMA is looking forward to working with lawmakers to explore how this legislation can help expand retirement opportunities for veterinarians."

About the AVMA

The AVMA is the nation's leading representative of the veterinary profession, speaking for more than 95,000 member veterinarians across the United States who care passionately about protecting animal health, animal welfare and human health. Informed by its members' unique scientific training and knowledge, the AVMA advocates for policies that advance the practice of veterinary medicine and support the crucial work of veterinarians nationwide.