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Increased Retirement Savings Opportunities for Unpaid Family Caregivers.

This law allows unpaid family caregivers who work less than 500 paid hours annually to make larger "catch-up contributions" to their retirement accounts. The goal is to help individuals who sacrifice paid employment to care for children or adults with special needs to make up for lost retirement savings opportunities. These changes take effect starting in 2025.
Key points
Family caregivers can make additional, higher contributions to retirement plans (like 401(k)s and IRAs), similar to participants aged 60-64.
To qualify, a caregiver must provide at least 500 hours of unpaid care annually and work fewer than 500 paid hours per year.
The ability to utilize these increased contributions is limited to a maximum of five total taxable years.
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Additional Information
Print number: 118_HR_9764
Sponsor: Rep. Pettersen, Brittany [D-CO-7]
Process start date: 2024-09-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Catching Up Family Caregivers Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9764.

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 2024-09-23.

What are the main provisions?

Key points include:

  • Family caregivers can make additional, higher contributions to retirement plans (like 401(k)s and IRAs), similar to participants aged 60-64.
  • To qualify, a caregiver must provide at least 500 hours of unpaid care annually and work fewer than 500 paid hours per year.
  • The ability to utilize these increased contributions is limited to a maximum of five total taxable years.
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. Pettersen, Brittany [D-CO-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 2025-12-26.

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