Retirement Benefits News

"Legislators propose bill to empower former temporary workers with catch-up retirement contributions"

Lawmakers have reintroduced a bill that would allow former temporary employees, known as ex-temps, to make catch-up retirement contributions. The legislation aims to address the retirement savings gap faced by ex-temps who were not eligible to contribute to retirement plans during their temporary employment. If passed, the bill would provide these individuals with the opportunity to make additional contributions to their retirement accounts, helping them to catch up on their savings and improve their financial security in retirement.