{"id":489080,"date":"2026-02-25T06:29:13","date_gmt":"2026-02-25T06:29:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/489080\/"},"modified":"2026-02-25T06:29:13","modified_gmt":"2026-02-25T06:29:13","slug":"trump-weighs-federal-retirement-plan-option","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/489080\/","title":{"rendered":"Trump weighs federal retirement plan option"},"content":{"rendered":"

The proposal<\/a> would complement the administration\u2019s broader push to combat cost-of-living increases, which has centered in part on a children\u2019s savings initiative known as Trump Accounts.<\/p>\n

One option under consideration is to revive former President Barack Obama\u2019s myRA program, which Trump ended in 2017 after citing high costs.<\/p>\n

Obama introduced myRA, described as a \u201cvoluntary, low-risk, no-fee federal retirement savings program,\u201d during his 2014 State of the Union address<\/a>. The program ultimately enrolled about 30,000 participants.<\/p>\n

Another option under discussion, Semafor reported, is to pair a new plan with the Saver\u2019s Match, a federal contribution set to take effect in 2027 under the SECURE 2.0 Act. <\/p>\n

The provision replaces the Saver\u2019s Credit with a refundable match equal to 50% of up to $2,000 in retirement contributions, with a maximum annual deposit of $1,000 into eligible accounts, even for filers with no tax liability, according to Congress.<\/p>\n

Kevin Hassett<\/a>, director of the White House National Economic Council, has long supported a similar concept. During the Biden administration, Hassett urged lawmakers to advance legislation that would replicate the federal government\u2019s Thrift Savings Plan for private-sector workers who lack employer-sponsored retirement coverage.<\/p>\n

Sens. John Hickenlooper (D-Colo.) and Thom Tillis (R-N.C.), along with Reps. Lloyd Smucker (R-Pa.) and Terri Sewell (D-Ala.), reintroduced that proposal last year.<\/p>\n

Trump formerly praised Australia\u2019s retirement savings system<\/a>, known as superannuation, during a December press conference. He told reporters that officials are reviewing \u201ca certain Australian plan that people are liking,\u201d Newsweek reported.<\/p>\n","protected":false},"excerpt":{"rendered":"The proposal would complement the administration\u2019s broader push to combat cost-of-living increases, which has centered in part on…\n","protected":false},"author":2,"featured_media":279981,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,12,451,16752,3,1666,452,453,644],"class_list":["post-489080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-donald-trump","tag-headlines","tag-hwmember","tag-news","tag-retirement","tag-top-stories","tag-topstories","tag-trump-administration"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/489080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=489080"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/489080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/279981"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=489080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=489080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=489080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}