Comment Letter to IRS Regarding Implementation of Saver's Match Contributions

The Saver's Match, a provision of the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), is designed to save in qualified retirement savings accounts through a match from the US Treasury Department, up to $1,000 for every $2,000 saved in a year. In response to a Request for Comments from the IRS and US Treasury Department, Urban research and policy experts provide supporting evidence and a set of principles to consider when making implementation decisions regarding the Saver's Match. Their comments focus on implementation that maximizes claiming of the Saver's Match by eligible Black, Latino, and low-income people who have been previously excluded or overlooked by the retirement savings system.