Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Labor and Employment
Why This Matters
This bill makes it mandatory for employers to provide retirement plans that match federal standards or allow employees to join a federal program. This is important because it helps more workers save for retirement.
If you work for a company without a retirement plan, your employer may soon have to provide one.
Who this affects
employees without retirement benefits
What changes is this bill making?
1This bill requires all employers to offer a retirement program to their employees.
2The retirement benefits must be similar to those provided by the Federal Employees Retirement System.
3Employers can also choose to enroll their employees directly in the Federal Employees Retirement System.
4This bill aims to ensure that more workers have access to retirement savings options.
5It was introduced in the House of Representatives for consideration.
