Retirement Parity for Student Loans Act

The Retirement Parity for Student Loans Act would allow employers to provide matching contributions to a worker’s retirement account based on that worker’s student loan payments. Under current law, many employees miss out on employer-sponsored retirement matches because they must prioritize paying off debt over contributing to a 401(k) or similar plan. This bill would treat qualified student loan payments as if they were traditional salary deferrals, ensuring that individuals can build retirement savings while simultaneously paying down their educational debt.