Lawmakers introduced bipartisan legislation late Thursday, the Retirement Savings for Americans Act, which would create Roth IRA-style retirement accounts for workers without access to employer-sponsored retirement plans.
The bill “would establish a new program that gives eligible workers access to portable, tax-advantaged retirement savings accounts,” according to the bill’s sponsors. “It would also offer federal matching contributions for low- and middle-income workers, with the match beginning to phase out at median income.”
