Multi-Employer Plan Relief Act Makes It Easier For Americans To Save For Retirement

When Congress passed SECURE 2.0, the goal was straightforward and widely supported: make it easier for Americans to save for retirement by automatically enrolling workers in 401(k) plans.

For many workplaces, that approach works. However, for union workers covered by multiemployer (Taft-Hartley) benefit plans, one part of the law is having an unintended, and potentially harmful, effect.

Here’s why.