Optimum Customers: Your Newsday access has been extended until Oct 1st. Enroll now to continue your access.

LEARN MORE
TODAY'S PAPER

Trump to ease retirement regulations with executive order

President Donald Trump will direct the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. / AP/Evan Vucci

WASHINGTON — President Donald Trump is set to sign an executive order to make it easier for small businesses to group together to provide their workers with retirement plans.

The White House says Trump will direct the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. Administration officials say high costs discourage...

To Continue...

Already a Newsday subscriber ?

Get unlimited digital access $1 for 4 Weeks

$0.99/Week Thereafter

WASHINGTON — President Donald Trump is set to sign an executive order to make it easier for small businesses to group together to provide their workers with retirement plans.

The White House says Trump will direct the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. Administration officials say high costs discourage employers from offering plans like 401(k)s at a time when surveys show workers worry about being able to live comfortably in retirement.

Trump is expected to deliver remarks and sign the directive at an event Friday at the Harris Conference Center in Charlotte, North Carolina.

advertisement

Trump will also headline a fundraiser for Republican congressional candidates Mark Harris and Rep. Ted Budd while he is in town.