Lets young workers join retirement plans at age 18, helps part-timers save sooner.
This bill would let workers as young as 18 start saving for retirement through their job's pension or 401(k) plan. It would also make it easier for long-term part-time employees to join these plans sooner. These changes aim to help more Americans begin saving earlier in their careers.
Today, most workers must be at least 21 years old to join their employer's pension or 401(k) plan. Long-term part-time employees need three years of service. If this bill passes, workers could join at age 18. Long-term part-time employees would only need two years of service to become eligible. Employers would also have a special rule for reporting younger participants.
S 1707 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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29 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.