The U.S. House Ways and Means Committee gave all House members a chance to address it at a hearing in Washington Wednesday. Credit: House Ways and Means Committee

The employer-sponsored retirement plan of the future could do more to pay off a worker's student loans before using the contributions to fund retirement savings.

Rep. Rick Crawford, R-Ark., talked about the idea of creating a new kind of hybrid 401(edu) retirement plan program Wednesday at a "member day" hearing organized by the powerful House Ways and Means Committee.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.