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Retirement Matching for Student Loan Payments

This bill allows employers to treat student loan payments as employee contributions to retirement plans. This means employers can match these payments, similar to how they match traditional retirement contributions. This helps individuals paying off student loans save for retirement more easily without missing out on employer matches.
Key points
Employers can now match employee student loan payments, just like they match contributions to retirement plans (e.g., 401(k)).
To qualify for matching, employees must certify to their employer that they have made a student loan payment.
Matching rules for student loan payments must be the same as for traditional retirement contributions, including vesting rules.
The changes apply to contributions made for years beginning after December 31, 2021.
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Additional Information
Print number: 117_HR_2917
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2021-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Retirement Parity for Student Loans Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2917.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-30.

What are the main provisions?

Key points include:

  • Employers can now match employee student loan payments, just like they match contributions to retirement plans (e.g., 401(k)).
  • To qualify for matching, employees must certify to their employer that they have made a student loan payment.
  • Matching rules for student loan payments must be the same as for traditional retirement contributions, including vesting rules.
  • The changes apply to contributions made for years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Danny K. [D-IL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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