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Trump order aims to help more people get retirement savings plans in time for new federal match
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Trump order aims to help more people get retirement savings plans in time for new federal match

The Independent·Collin Binkley·about 1 month ago
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President Donald Trump will sign an executive order on Thursday calling for a new government website where people in the United States can find and compare private-sector retirement savings accounts, aiming to help millions of workers whose employers do not offer such plans. The order is intended to help more people gain access to retirement plans before next year, when the federal government will start matching retirement contributions made by low- and middle-income workers, according to a White House official who spoke on condition of anonymity to discuss the order before it is formally announced. That new matching contribution, known as the Saver’s Match, comes from 2022 legislation passed under Democratic President Joe Biden . Starting in January, it will offer a match of up to $1,000 for workers who make less than $35,000 a year. Trump’s order is meant to help make the match available to roughly 50 million people who do not have retirement plans offered by their employers.…

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