Helping Young Americans Save for Retirement Act lowers the minimum age for pension plan participation to 18.

The Helping Young Americans Save for Retirement Act amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to lower the minimum age for participation in pension plans and qualified trusts from 21 to 18. The changes apply to plan years beginning one year after the enactment of the Act. The bill also includes conforming amendments to ensure consistency across related sections of the law.

Helping Young Americans Save for Retirement Act lowers the minimum age for pension plan participation to 18.

The Helping Young Americans Save for Retirement Act amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to lower the minimum age for participation in pension plans and qualified trusts from 21 to 18. The changes apply to plan years beginning one year after the enactment of the Act. The bill also includes conforming amendments to ensure consistency across related sections of the law.