S.2217

Independent Retirement Fairness Act: Amends ERISA and the Internal Revenue Code to improve retirement savings options for independent workers.

The Independent Retirement Fairness Act amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to enhance retirement savings options for independent workers. It allows employers to treat independent workers similarly to employees for pension plan purposes, including pooled employer plans and simplified employee pensions. The Act also establishes pilot programs to encourage independent workers to save for retirement, such as allowing them to round down their compensation and automatically contribute the difference.