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Workplace Emergency Savings Boost: Contribution Limit Rises to $5,000.

This Act doubles the maximum amount employees can contribute to emergency savings accounts linked to their workplace retirement plans, raising the limit from $2,500 to $5,000. The goal is to help citizens build a larger, easily accessible financial cushion for unexpected expenses without touching their long-term retirement funds. These changes take effect starting in the 2027 tax year.
Key points
The maximum contribution limit for pension-linked emergency savings accounts (PLESA) is increased from $2,500 to $5,000.
Eligibility rules are clarified and potentially broadened, allowing more workers to participate in these workplace savings accounts.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6417
Sponsor: Rep. Vindman, Eugene Simon [D-VA-7]
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Emergency Savings Enhancement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6417.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • The maximum contribution limit for pension-linked emergency savings accounts (PLESA) is increased from $2,500 to $5,000.
  • Eligibility rules are clarified and potentially broadened, allowing more workers to participate in these workplace savings accounts.
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. Vindman, Eugene Simon [D-VA-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 2025-12-31.

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