Sending Office: Honorable Harley Rouda
Current Cosponsors: Reps. Mike Bost, Kathy Castor, Steve Cohen,
Rodney Davis, Brian Fitzpatrick, Bill Foster, John Garamendi,
Debbie Lesko, Mark Meadows, Eric Swalwell, Bennie Thompson, Jefferson Van Drew, Susan Wild
As Americans across the country seek to ensure they have a strong safety net for their retirement, it is important that the federal government provides adequate access to retirement savings vehicles. Under current law, employees aged 50 and older are eligible
to utilize catch-up contributions to make additional deposits to their 401(k) plans, individual retirement accounts (IRAs), and other eligible retirement accounts.
Although using catch-up contributions can be an important mechanism for many Americans to expand their retirement savings, it can still not be enough for individuals that take time out of the workforce to care for family members. These individuals often
miss opportunities to save for their retirement for multiple years. This disparity predominantly impacts women, since women are more likely to take more time to act as family caregivers full-time.
Our bill, the Expanding Access to Retirement Savings for Caregivers Act, would allow individuals that took at least one year out of the workforce and received no earned income primarily to care for a family member to make catch-up contributions in years
prior to age 50. These former caregivers would be eligible to begin making catch-up contributions at age 50 minus the number of years they spent out of the workforce. This bill would help us move away from a system that penalizes caregivers and instead offer
additional tools for them to contribute to their retirement savings.
If you have any questions or would like to cosponsor this legislation, please contact Zac Commins in Rep. Rouda’s office at
Zac.Commins@mail.house.gov or Stephen Simonetti in Rep. Walorski’s office at
Member of Congress
Member of Congress
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