Bipartisan Senators Introduce Suite of Bills to Help Americans Save for Retirement
U.S. Senators Todd Young (R-Ind.), Cory Booker (D-N.J.), Tom Cotton (R-Ark.), and Doug Jones (D-Ala.) announced they have introduced several bills to help boost retirement security for individuals and families during a time when many Americans are unprepared for retirement. According to the Department of Labor, more than 40 million people do not have access to any workplace retirement plan. Additionally, nearly half of households nearing retirement do not have a retirement savings plan. Senator Young introduced S. 1020, which would expand access to workplace retirement plans by giving small employers more flexibility when setting up 401Ks for their employees.
