Congress Passes Measure Making It Easier for Workers to Track Retirement Funds

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Congress Passes Measure Making It Easier for Workers to Track Retirement Funds
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“Millions of Americans continue to lose track of their hard-earned savings when they move between jobs,” said Warren.

Sen. Elizabeth Warren speaks during a rally for Oregon gubernatorial candidate Tina Kotek on October 22, 2022, in Portland, Oregon.A proposal to make it easier for workers to access all of their retirement funds across different employers has passed into law after being added to the omnibus funding bill last week, marking a small win for workers.

The Retirement Savings Lost and Found Act, first introduced by Senators Elizabeth Warren and Steve Daines , creates an online “lost and found” database run by the Department of Labor that would help workers find retirement funds accrued from previous employers over the years.

The proposal was included in the omnibus funding bill that was passed last week by Congress and signed into law by President Joe Biden. The omnibus also included several other wins for workers, including

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