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Earlier Retirement Savings Access for Young Workers

This new law lowers the age at which employees can start saving for retirement through employer-sponsored plans from 21 to 18. This means younger individuals can begin building their retirement savings earlier, potentially enhancing their future financial security. The changes will take effect one year after the law is enacted.
Key points
Lowers the eligibility age for employer-sponsored retirement plans from 21 to 18.
Allows younger workers to start saving for retirement earlier, potentially increasing their long-term savings.
Applies to both ERISA-governed pension plans and Internal Revenue Code qualified trusts.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4718
Sponsor: Rep. Pettersen, Brittany [D-CO-7]
Process start date: 2025-07-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Helping Young Americans Save for Retirement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4718.

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 2025-07-23.

What are the main provisions?

Key points include:

  • Lowers the eligibility age for employer-sponsored retirement plans from 21 to 18.
  • Allows younger workers to start saving for retirement earlier, potentially increasing their long-term savings.
  • Applies to both ERISA-governed pension plans and Internal Revenue Code qualified trusts.
What is the specific legal status?

The current status is Introduced.

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: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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