H.R. 9281, known as the “Helping Young Americans Save for Retirement Act,” seeks to amend existing laws to allow younger workers to participate in pension plans earlier. It reduces the minimum age for participation from 21 to 18, provided certain conditions related to the length of service...
Simple Explanation
H.R. 9281 wants to let younger workers start saving for retirement sooner by lowering the age to join a pension plan from 21 to 18, as long as they meet certain job requirements. This change will help young people save more money for their future, starting in 2026.