Congress gets serious about retirement saving

Alessandra Malito
Congress gets serious about retirement saving

Lawmakers from across the country are proposing legislation to encourage more Americans to save for retirement, and they’ve got a list of ways to do it. The Senate held a hearing this week for the “Retirement Security and Savings Act,” which would allow people with little in savings to catch up and also help small businesses provide retirement plans to its workers. Senator Ron Wyden, a Democrat from Oregon and a member of the Senate Finance Committee, introduced another bill this week that would match a worker’s student loan repayments to go toward their employer-sponsored retirement account.