Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
August 25, 2010
Automatic IRA Bill
Employers that do not currently offer a retirement plan would receive a tax credit for setting up an IRA account for their employees under the Automatic IRA Act of 2010 (S 3760). The tax credit would cover related administrative costs.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Nearly all employees working for a private business that has at least 10 workers and does not already offer a retirement plan would be able to contribute to retirement savings through payroll deductions, bill sponsor Sen. Jeff Bingaman (D-NM) said in a statement. Employers would not be allowed to make contributions to the account.

“Giving workers a way to directly deposit some of their paycheck into a retirement account will help millions of Americans better prepare for their golden years,” Bingaman said.

“This legislation simply makes it easier for Americans to save for retirement without making businesses shoulder new burdens,” said Sen. John Kerry (D-MA), cosponsor of the bill.

S 3760 was referred to the Senate’s Committee on Finance.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: