"For millions of Americans who lack employer-sponsored plans, this will be really revolutionary, because they'll be covered. This initiative is designed to help those often-forgotten American workers gain access to retirement savings."
"To remedy this gross disparity, I'm announcing that next year my administration will give these often-forgotten American workers - great people, the people that built our country - access to the same type of retirement plan offered to every federal worker."
President Trump signed an executive order to create a government website for comparing private-sector retirement savings accounts. This initiative aims to assist millions of workers lacking employer-sponsored plans. The order coincides with the upcoming Saver's Match program, which will match contributions for lower-income workers starting in January. The initiative targets approximately 50 million individuals without access to retirement plans. Trump emphasized the importance of providing these workers with similar retirement options as federal employees.
Read at ABC7 Los Angeles
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