WASHINGTON, Sept. 28 -- The Senate Finance Committee issued the following news release:
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., introduced the Savers Match Enhancement Act, which will increase Americans' retirement savings by doubling the federal matching of taxpayer contributions to tax-preferred retirement savings accounts such as Individual Retirement Accounts (IRAs) and 401(k) programs.
"As the cost of living and inflation continue to increase, Americans need more options to help them save for retirement so they can live with dignity in their later years," said Wyden. "This bill would alleviate some of the financial burdens that working Americans face when planning for their retirement and ensure the earnings they a...