Helping Young Americans Save for Retirement Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 8
- Latest action
- May 12, 2025
What it does
The Helping Young Americans Save for Retirement Act would lower the minimum age for eligibility to participate in employer-sponsored retirement plans from 21 to 18 under certain conditions, allowing younger employees to join pension plans and 401(k) plans earlier if they meet service requirements. It amends both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code to adjust participation standards, including modifying hour-of-service calculations and conforming related provisions. The bill also includes a rule that employees who join solely due to the age-18 eligibility provision would not be counted as plan participants for certain purposes until five years…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.