In CommitteeFiled Apr 14, 2026
Sponsor: Sen. Collins, Susan M. [R-ME] (R)
Latest Action
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1741-1742)
Apr 14, 2026
Summary
The bill lets unpaid family caregivers who provide at least 500 hours of care and work fewer than 500 paid hours qualify for additional catch‑up contributions to retirement plans. It treats them as if they were age 60‑64 for contribution limits, expanding retirement savings options for those caring for children or adults with special needs. The change aims to support caregivers who often have limited earnings and retirement savings.
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