Trump retirement order expands access built by Biden law

President Trump signed an executive order Thursday directing the Treasury Department to launch TrumpIRA.gov, a federal portal connecting workers to private-sector retirement accounts — but the matching benefits at the heart of the initiative were created by a law signed by his predecessor, President Biden. The order directs Treasury to have the site operational by Jan. 1, 2027, when the federal Saver’s Match program takes effect. That program — which offers qualifying lower-income workers up to $1,000 per year in government retirement contributions — was not created by Mr. Trump’s order. It was created by the SECURE 2.0 Act, a bipartisan retirement overhaul that Mr. Biden signed into law on Dec. 29, 2022, as part of a $1.7 trillion omnibus spending bill. “For millions of Americans who lack employer-sponsored plans, this will be really revolutionary,” Mr. Trump said at an Oval Office signing ceremony Thursday. What Mr. Trump’s order does is build a delivery mechanism, TrumpIRA.gov, designed to make the existing Saver’s Match accessible to the roughly 56 million workers who currently have no employer-sponsored retirement plan and thus no easy path to claim it. When asked about the Biden-era origins of the program, White House spokeswoman Kush Desai pointed