One of the provisions in the proposed EARN Act will help workers with student loan debt save for retirement more easily.
“In the wake of the great resignation, this potential benefit is a tool companies can use to compete for talent. It allows workers to pick and choose employers who are embracing this. It empowers the employee,” Pentis said.The EARN Act was proposed last week by Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from Idaho, who serve as Senate Finance Committee Chair and Ranking Member, respectively.
Carlisle said it’s not just younger workers who would benefit: parents and grandparents often are on the hook for paying for student-loan debt for their children and grandchildren, so workers of all ages could benefit. “Employees may care a lot about it, especially new employees. For companies, it’s signaling you care about what your employees care about,” Kantrowitz said. “The cost to the employer would be relatively low, but it’s also relatively complicated.”
This is nothing more than a tax on employers that will be passed on to consumers, as usual.🤦🏼♂️
Yes it’s paying I got another withdrawal payment💰thank you so much KatieTutoria