Associated Press August 31, 2018
WASHINGTON (AP) — 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.
Trump will also headline a fundraiser for Republican
congressional candidates Mark Harris and Rep. Ted Budd while he is in
town.
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