As Congress appears poised to approve major retirement reforms along with the omnibus spending bill to fund the government through next fall, an easily overlooked provision could have a big impact on retirement security and younger workers’ ability to repay student loans.
Page 2,089 of the 4,155-page bill includes language detailing a change in retirement law that would permit employers to treat eligible student loan repayments as elective deferrals or elective contributions for the purpose of matching contributions.
In…
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