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.@ChuckGrassley: Earlier this year, Sen. @RonWyden, D-Ore., and I introduced the bipartisan Retirement Enhancement and Savings Act (RESA). RESA would improve an existing type of retirement savings plan called Multiple-Employer Plans (MEPs).https://www.foxbusiness.com/money/chuck-grassley-without-retirement-reform-too-many-americans-left-behind …
.@ChuckGrassley: For example, currently, internet-based companies cannot provide retirement plans to their contractors. RESA would open MEPs to allow businesses like Uber, Lyft and http://Care.com to provide plans similar to 401(k)s to contractors.
.@ChuckGrassley: In addition, it would help employees add to their retirement savings each year through automatic increases to 401(k) contributions and help workers plan for retirement by requiring employers to provide an estimate of how much the employee’s account would provide.
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