What does Preamble of Helping Young Americans Save for Retirement Act do?

This bill proposes amendments to the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986. The amendments relate to minimum participation standards for pension plans and qualified trusts.

What does SHORT TITLE. of Helping Young Americans Save for Retirement Act do?

This bill is formally titled the Helping Young Americans Save for Retirement Act.

What does ELIGIBILITY AT AGE 18 UNDER CERTAIN CONDITIONS. of Helping Young Americans Save for Retirement Act do?

This section amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986. Amendments to ERISA modify subsections (A) and (B) of section 202(c)(1) to allow individuals age 18 to participate in certain pension plans. The Internal Revenue Code is also amended to similarly allow individuals age 18 to participate in certain plans. Conforming amendments are made to both ERISA and the Internal Revenue Code to reflect these changes. The amendments specify that for purposes of calculating participants, employees participating solely by reason of section 202(c)(1)(A) will not be counted until five years after the first such employee becomes a participant. The changes apply to plan years beginning on or after the date that is one year after the date of enactment of this Act.

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Helping Young Americans Save for Retirement Act

Last updated: 7/23/2025 · Introduced: 7/23/2025

Author: Brittany Pettersen (D-CO)

TL;DR (AI)

This bill allows individuals as young as 18 to participate in certain pension plans, amending both the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986.
For pension plan participation calculations, employees who join solely due to the age 18 provision will not be counted for the first five years after the first such employee joins.
The changes introduced by this bill will apply to plan years beginning one year after the bill's enactment.

119th Congressin committeeS. 1707(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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