US EditionTrump announces public retirement plan with federal match up to $1,000 at State of the Union
The proposal targets roughly 50 to 56 million private-sector workers without employer plans and offers a $1,000 annual federal match to help build retirement savings.
- On Tuesday during his State of the Union address, President Donald Trump announced a plan to expand retirement accounts for workers without employer-sponsored plans.
- Against a backdrop of concern, data show roughly 50 million Americans lack employer-sponsored retirement plans, with around 56 million private-sector workers affected, according to AARP.
- Modeled after the Thrift Savings Plan, the proposal would let individuals opt in by checking a box on tax returns and use the Savers Match under SECURE 2.0 Act to provide a $1,000 annual federal match for eligible low-income workers.
- Watchdog groups noted that Congress may face increased scrutiny over stock trading, as lawmakers push for tighter restrictions alongside Trump's linking of retirement plans to ethics reforms.
- White House officials note the plan builds on the SECURE 2.0 Act and Savers Match set for next year and follows last year’s One Big Beautiful Bill Act, which created 'Trump accounts' for children.
38 Articles
38 Articles
President Donald Trump briefly mentioned in his State of the Union speech on Tuesday his intention to help private sector workers save for retirement if they don’t have access to an employer-sponsored plan. “Half of all Americans who work still don’t have access to a retirement plan with equivalent contributions from an employer. To remedy this huge disparity, my administration will next year give these often forgotten American workers... access…
Trump just proposed a new retirement savings plan: What we know and what we don’t
President Donald Trump in his State of the Union address Tuesday briefly mentioned his intention to help private-sector workers save for retirement if they don’t have access to an employer-sponsored plan.
Trump's Retirement Plan: A New Hope for Millions of Workers
Millions of workers who have long lacked access to employer-backed pension benefits watched President Donald Trump's bold economic pitch electrify the chamber during his annual address to Congress, transforming a typically technical policy issue into a headline promise about retirement security. President Trump used his 2026 State of the Union to propose a far-reaching expansion of retirement savings that could reshape how millions of workers pl…
The Christian Science Monitor
UpstractTrump’s new retirement plan builds on a bipartisan model
In a Trump-proposed plan, private-sector workers without employer-sponsored plans could save in a 401(k) with a government match of up to $1,000 per year. The idea in his State of the Union speech builds on a Biden-era effort.
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