Trump to Expand Retirement Plan Access for Uncovered Workers

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.

(With inputs from agencies.)