Trump moves to widen worker retirement options with private-sector portal

1 min read
Source: Semafor
Trump moves to widen worker retirement options with private-sector portal
Photo: Semafor
TL;DR Summary

President Trump will sign an executive order to expand access to retirement plans for workers without employer-sponsored plans by directing Treasury to launch a private-sector retirement portal (TrumpIRA.gov) tied to the Saver’s Match, enabling workers to filter and enroll in affordable plans that qualify for the match; Treasury will vet plans but not partner with specific institutions, and the move targets about 54 million workers without access (including 27 million eligible for the Saver’s Match who don’t have a plan). The order also directs Treasury and the NEC to craft broader reforms, such as auto-enrollment and expanded match eligibility.

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