Bill would help military spouses save for retirement
July 12, 2020
U.S. Sens. Susan Collins of Maine and Maggie Hassan of New Hampshire have introduced a bill that would help spouses of active-duty service members save for retirement by expanding access to employer-sponsored retirement plans.
Collins, a Republican, and Hassan, a Democrat, said the economic and health effects of the coronavirus pandemic pose an additional threat to saving for retirement, and military spouses face another hurdle. When military service members experience a permanent change of station move, their spouses often relocate with them, putting their own careers on hold.