Trump Executive Order Aims to Expand Retirement Plan Access for Low-Income Workers
President Donald Trump signed an executive order directing the Treasury Department to launch TrumpIRA.gov by January. The website will facilitate a government match program for low-income workers who lack access to employer-sponsored 401(k) plans. The initiative seeks to broaden retirement savings options for those without traditional workplace benefits.
Key facts
- Trump signed an executive order on retirement plans.
- The order directs the Treasury Department to create TrumpIRA.gov.
- The website is to launch by January.
- The program targets low-income workers without 401(k) access.
- A government match program for low-income workers takes effect in January.
Entities
Institutions
- Treasury Department
Sources
- Quartz —