On the recordDecember 18, 2018
today I have introduced the Retirement Parity for Student Loans Act. This legislation would permit employers to make matching contributions to workers under 401(k) and similar types of retirement plans as if worker student loan payments were salary reduction contributions to the retirement plan. This legislation will help those workers who cannot afford to both save for retirement and pay off their student loan debt by providing them with employer contributions to build their retirement savings. This legislation is a common sense fix to our Nation's rules for employer-sponsored retirement plans and I urge my colleagues to support this legislation. ______ By Mr. DURBIN (for himself, Ms. Duckworth, Mr. Brown, Ms. Smith, Mr. King, Mr. Blumenthal, Mr. Merkley, Mr. Sanders, and Mr. Van Hollen): S. 3776. A bill to improve Federal efforts with respect to the prevention of maternal mortality, and for other purposes; to the Committee on Finance.
