[Congressional Record Volume 164, Number 199 (Tuesday, December 18, 2018)]
[Senate]
[Page S7791]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. WYDEN (for himself and Mr. Cardin):
  S. 3771. 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; to the 
Committee on Finance.
  Mr. WYDEN. Mr. President, today I have introduced the Retirement 
Parity for Student Loans Act. This legislation would permit employers 
to make matching contributions to workers under 401(k) and similar 
types of retirement plans as if worker student loan payments were 
salary reduction contributions to the retirement plan. This legislation 
will help those workers who cannot afford to both save for retirement 
and pay off their student loan debt by providing them with employer 
contributions to build their retirement savings. This legislation is a 
common sense fix to our Nation's rules for employer-sponsored 
retirement plans and I urge my colleagues to support this legislation.
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