Congress·In Committee·S. 2335

Sen. Sanders Introduces Bill Requiring All Employers to Provide Federal-Style Pensions

Pensions for All Act

8 months ago·View on Congress.gov

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Stalled

No legislative action in over 90 days.

↔Companion bill: New Bill Would Require All U.S. Employers to Provide Federal-Level Pension Benefits to Workers

Legislative Progress

Senate

House

President

Law

Key Points

This bill would require every employer in the country to provide their workers with a retirement plan. The benefits must be at least as good as the ones federal government employees receive, which include both a guaranteed monthly pension and a savings account similar to a 401(k).
If a business does not want to run its own retirement plan, they can choose to enroll their employees directly into the Federal Employees Retirement System. Self-employed individuals would also be required to either have a high-quality private plan or join the federal system.
Both employers and employees would contribute money to fund these retirements. To help smaller operations, the government would pay for half of the required costs for businesses making less than $25 million a year and for self-employed people making less than $75,000.
The bill includes a 'no-pay-cut' rule, meaning bosses cannot lower a worker's current salary or hourly wages to cover the cost of these new retirement benefits. Companies that fail to provide a plan could be fined $10 per day for every employee who is not covered.
This plan aims to solve the retirement crisis by making sure every worker has a steady income after they stop working. By using the existing federal system, it provides a safety net for millions of private-sector workers who currently have little to no retirement savings.

Labor EmploymentTaxesEconomy Finance

Impact Analysis

Personal Impact

Who is affectedScoreImpactCertaintyScopeDurationSentiment

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions

Jul 17, 2025Senate

Read twice and referred to the Committee on Finance.

Jul 17, 2025

Introduced in Senate

Related News

6 articles

Government Executive·7 months ago

Bill would give all workers federal-level retirement benefits

Senator Bernie Sanders introduced the 'Pensions for All Act' (S. 2335), which would require all employers to offer a retirement program with benefits equivalent to the Federal Employees Retirement System (FERS) or allow employees to participate directly in the federal system.

Truthout·8 months ago

Sanders Introduces “Pensions for All Act” to Ensure Workers Can Retire

The bill would require corporations to provide a retirement plan equivalent to or better than the pensions plan offered to members of Congress. Sanders stated that if corporations refuse to offer a decent plan, workers must be allowed to receive the same type of pension as federal employees.

L+

BenefitsPRO·8 months ago

Pensions for all: Sen. Sanders' new bill guarantees retirement income to 56M workers without a plan

The Pensions for All Act aims to provide comprehensive retirement coverage to the 56 million Americans currently without a plan. It mandates that employers either provide a traditional pension plan equivalent to FERS or pay into the federal system to ensure equivalent benefits for their staff.

Related Bills

1 bill

H.R. 7556Identical bill

Pensions for All Act

Feb 12 — Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Source Information

Document Type

Congressional Bill

Official Title

Pensions for All Act

Bill NumberS 2335

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Finance.

Sponsor

Data Sources

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.