OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Statements on Introduced Bills and Joint Resolutions

Floor Speech

By: Ron Wyden
By: Ron Wyden
Date: April 29, 2021
Location: Washington, DC
Issues: Employment and Affirmative Action Higher Education

BREAK IN TRANSCRIPT

Mr. WYDEN. Madam President, today I have introduced the Retirement Parity for Student Loans Act. This legislation would permit employers to make matching contributions to workers under 401(k) and similar types of retirement plans as if a worker's student loan payments were salary reduction contributions to the retirement plan. This legislation will help workers who cannot afford to both save for retirement and pay off their student loan debt by providing them with employer contributions to build their retirement savings. This legislation is a common sense fix to the rules that govern employer-sponsored retirement plans and I urge my colleagues to support this legislation. I ask unanimous consent that this bill be printed in the Record.

BREAK IN TRANSCRIPT


Source
arrow_upward