Workers could see new retirement benefits under trump plan

Trump signs a major order expanding retirement access for millions of workers.

[{"selector":"#anim-a922f3bd-78f9-4616-a3f7-2c121fc379e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d50b024-6c9a-4c6f-b6fd-3828a5434504","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ea1d50e-ff8c-4f34-8430-49e7822b3d31","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-025df6de-d544-4eda-96ce-fdcd68472e8a","keyframes":{"transform":["translate3d(0px, 130.60012%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Around 56 million workers currently lack access to employer-sponsored retirement plans.

[{"selector":"#anim-d1a4d03f-98c2-4556-a97f-6172fab1e4d1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0cb65cd-98b3-4c62-a3fd-336c8fd8177c","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5c83a947-d9a6-4f3d-a4b4-48fdae733323","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f43b0fd-6105-48f1-ad8c-575e60d73be0","keyframes":{"transform":["translate3d(0px, 133.45681%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The new order aims to make saving for retirement easier and more accessible.

[{"selector":"#anim-5706616d-a007-4164-8784-bf19636d81cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ddd5e8ee-d821-4113-8a81-65d882139470","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-937dd3b4-a3f2-4ebd-ae14-3f230afe3828","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be71413f-fffd-42c7-a10c-9799f2bd7ad6","keyframes":{"transform":["translate3d(0px, 139.48151%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Eligible workers could receive up to $1,000 per year in government matching contributions.

[{"selector":"#anim-1d9c461c-f3b3-45e5-bcbc-d16fbcf0e267","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a069addd-bc33-44fa-961b-2abf1aa9f6f6","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fc564b6-1937-4e4d-a12c-e4895f0a796c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecc5438c-d0da-4a9a-a865-7b72c0c938be","keyframes":{"transform":["translate3d(0px, 129.80324%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

I

[{"selector":"#anim-4e2e60af-33aa-445c-8e3b-e0812377d914","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-230dec09-ff03-4146-bb36-ed06434d27ae","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1f03c24-8fa0-4525-a0ea-b1c0f55d7400","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca7b1934-14e7-41d9-8f01-6e7ae0811ed1","keyframes":{"transform":["translate3d(0px, 481.91201%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ec6d57a9-c97f-4e3a-a1dd-bcf66825b7c8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a6c6278-627c-4127-b63b-cb121f19a743","keyframes":{"transform":["translate3d(0px, 122.54744%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

A new platform will allow workers to choose and manage retirement accounts more easily.

[{"selector":"#anim-0cd8fb18-4105-45a5-a41c-68f9aaf8f6a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65d52d35-0d55-401b-9a57-86a1040be1fe","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5c46b44-1885-46f3-b01c-cc56588caed8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7267ad9-2283-4d41-a7d8-ecf06831690f","keyframes":{"transform":["translate3d(0px, 122.51158%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Starting early with consistent contributions can significantly grow long-term savings.

[{"selector":"#anim-67a54009-b8bc-484c-8ac6-86db717168ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5c581cd8-8d59-431b-b1cd-f8c958420d77","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8776e2ed-9618-41a2-bc6f-b970f40a7b3e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8f43518-d1cf-4614-8dd0-cbb5cb091cec","keyframes":{"transform":["translate3d(0px, 138.14816%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Some experts say the policy may not fully solve retirement inequality challenges.

[{"selector":"#anim-3789eb7f-d4fe-436b-975f-974d4c2aaf41","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0bacf69b-2ae5-42b0-b4d5-04949e4ce7d3","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e38ec59-91f7-4771-b44d-8f0218e8c2da","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed12f21b-5850-4ebd-bc27-55e9012ba8b9","keyframes":{"transform":["translate3d(0px, 138.14816%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The plan will roll out gradually with more details expected in the coming months.

[{"selector":"#anim-35d330be-245b-4047-8362-c05482b5811b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65163e05-0f12-4180-b326-9dde68b377b0","keyframes":{"transform":["translate3d(0px, -838.06921%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38d82d5a-a6a2-4c40-9a79-f3fa11c8d8c7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60f3ca01-2e97-42a5-ae9d-405305978748","keyframes":{"transform":["translate3d(0px, 138.14816%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]