capitol building By resuscitatingmyRAs, the EASA would benefit those workers that do save in aretirement plan but don't pay federal income taxes. (Photo:Shutterstock)

Prominent Democrats on the Senate Finance Committee haveproposed legislation that would reform the existing RetirementSavings Contribution Credit into a retirement plan matchingcontribution from Uncle Sam.

The Encouraging Americans to Save Act, introduced last week, isdesigned to bolster the retirement savings of middle and low-incomesavers, whether they save through a workplace plan, a privatesector IRA, or a state-administered IRA.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.