President Trump signed an executive order on Thursday that expands retirement benefits for employees who do not have access to such benefits through their employers.
The executive order does not create a new government retirement plan, but it helps match workers with existing plans from private companies.
Under the order, the Treasury Department will launch TrumpIRA.gov, where workers are able to choose their own retirement plans. Americans who make less than $35,500 per year individually or less than $71,000 as a couple can use the site to claim the Saver’s Match.
“I’m thrilled to sign a historic executive order expanding access to high-quality retirement savings accounts for millions of Americans,” Trump said before signing the order in the Oval Office.
“In my State of the Union earlier this year, I promised to make the same types of retirement accounts enjoyed by federal employees available to all Americans, so that’s what we’re doing,” he said.
The new federal retirement contribution originates from legislation that Congress passed in 2022 during the Biden administration, in which the federal government matches contributions for low-income workers.
The executive order comes as the Trump administration seeks to bolster its stance on affordability ahead of the midterms.
A Gallup poll released earlier this week found that 55 percent of respondents view their personal financial situation as worsening, marking a new high since 2001.
Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to The Hill.
