Trump to Expand Retirement Plan Access for Uncovered Workers

President Donald Trump is set to sign an executive order aimed at increasing retirement plan access for employees without employer-provided options. This initiative aligns with the 2022 Saver’s Match legislation, which offers matching contributions for workers earning under $35,000, providing up to $1,000 in support starting next year.

President Donald Trump plans to sign an executive order on Thursday to enhance the accessibility of retirement plans for employees lacking employer-based options, according to Semafor media outlet.

The executive order complements the Saver’s Match initiative from 2022, designed to help low-income workers. This legislation mandates federal matching of retirement contributions up to $1,000, targeting those earning less than $35,000, and is set to commence next year, as detailed by officials.

This move signifies a novel federal approach focusing on bolstering retirement security for underserved segments of the workforce.