Sen. Charles E. Grassley, R-Iowa, today reintroduced legislation that would repeal a tax law imposing limits on employee and employer contributions to defined contribution plans. The current limit is 25% of pay or $30,000, whichever is lower. Mr. Grassley's legislation, The Enhanced Savings Opportunity Act, also will permit workers who re-enter the work force after taking time off for child-rearing to make up contributions to retirement plans.
Sen. Charles E. Grassley, R-Iowa, today reintroduced legislation that...
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