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Senate Dems Propose Gov't Matching Retirement Contributions
Senate Democrats have introduced a bill that would provide up to a $500 government matching payment for low-income individuals and families that contribute to retirement savings programs. So reports Plan Advisor.
Under the proposal, the government would make a 50% match on contributions of up to $1,000 per year for individual employees with a maximum income of $32,000 or couples with a combined maximum income of $65,000.
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