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New bill would require hourly wage contribution to workers' retirement plans
News November 17, 2025 at 06:17 PM
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What You Need To Know
- Companies with 10 or more employees would be required to contribute at least 50 cents per hour worked to an employer contribution savings plan.
- The bill also creates “UP Accounts,” modeled after the Thrift Savings Plan for federal workers.
- UP-Savings accounts can be tapped when facing a non-routine financial need.