Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
This bill allows workers in multiemployer retirement plans to opt out of automatic enrollment, making it easier for them to manage their retirement savings.
If you work for multiple employers under a multiemployer plan, you can choose not to be automatically enrolled in the retirement plan.
Who this affects
Workers · Multiemployer retirement plan participants
What changes is this bill making?
1This bill changes rules for automatic enrollment in retirement plans.
2It allows exceptions for participants in multiemployer plans.
3Multiemployer plans are retirement plans that cover workers from different employers.
4The changes will start for tax years beginning after December 31, 2024.
