A bill to amend the Internal Revenue Code of 1986 to permit treatment of student loan payments as elective deferrals for purposes of employer matching contributions, and for other purposes.

Summary

Official

Retirement Parity for Student Loans Act This bill allows certain employer-sponsored retirement plans to make matching contributions for an employee's student loan payments as if the loan payments were salary reduction contributions to the retirement plan.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(12/18/18)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Wyden

Senate (D) Oregon

Cosponsors (3)

Cardin

(D) MD

Whitehouse

Senate (D) Rhode Island

Cantwell

Senate (D) Washington

Topics

Education

Government Spending & Operations

Employment

Latest Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7791)

Dec 18, 2018