DAINES SENATE 1.jpg (copy)

Support local journalism by subscribing today! Click Here to see our current offers.

U.S. Senator Steve Daines is helping lead bipartisan efforts in the U.S. Senate to help Montanans prepare for retirement.

The package includes Daines’ bipartisan “Retirement Savings Lost and Found Act” that helps Montanans track their retirement accounts as they move between jobs.

“Montanans work hard to build their savings in preparation for a worry-free retirement - their efforts and savings should be secure,” Daines said. “I’m glad to join my colleagues from both sides of the aisle in working to help Montana workers have more control over their futures. I urge Majority Leader Schumer to do what’s right and help get our bill passed and signed into law for Montanans.”

The bill would establish a Retirement Savings Lost and Found, a searchable online database of all information regarding individuals lost retirement accounts. Plans would transfer small lost accounts worth $1,000 or less to the Pension Benefit Guaranty Corporation, which would manage the database. Workers are switching jobs more frequently than ever, which has resulted in an increasing number of individuals losing track of retirement accounts from prior employers. This bill would take a major step toward reuniting individuals with their lost retirement accounts.


Featured Print Ads

Latest E-Edition

(0) comments

Welcome to the discussion.

1. Be Civil. No bullying, name calling, or insults.
2. Keep it Clean and Be Nice. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
3. Don't Threaten. Threats of harming another person will not be tolerated.
4. Be Truthful. Don't knowingly lie about anyone or anything.
5. Be Proactive. Let us know of abusive posts. Multiple reports will take a comment offline.
6. Stay On Topic. Any comment that is not related to the original post will be deleted.
7. Abuse of these rules will result in the thread being disabled, comments denied, and/or user blocked.