Companies can now help workers pay off student debt while saving for retirement—these 3 already offer the benefit
Publishing timestamp: 2024-02-06 09:00:01
Summary
The article discusses how companies like Abbott, Verizon, and Chipotle are offering 401(k) matching for employees making student loan payments. The Secure 2.0 Act allows employers to match workers' student loan payments with contributions to their retirement accounts. Prior to this act, companies had to get special approval from the IRS to offer such benefits. The article highlights the plans of each company and how they are helping their employees manage their student loan debt while saving for retirement.
Sentiment: POSITIVE
Keywords: labor economy, chipotle mexican grill inc, personal finance, abbott laboratories, personnel, verizon communications inc,
Source: https://www.cnbc.com/2024/02/06/companies-offering-401k-matching-for-student-loan-payments.html