Since publication, freelance workers and others have filed lawsuits challenging the rule. These legal challenges currently are in the early stages of litigation.
The Retirement Savings for Americans Act is attempting to boost retirement security for millions of low- and middle-income workers, but opponents say it could "crowd out" the private, employer-based retirement savings system.
After a Senate committee requested feedback on ways to allow independent workers access to retirement plans, the American Benefits Council responded with a 5-point plan that includes access to pooled employer plans.
The Centers for Medicare & Medicaid Services approved a special enrollment period (SEP) aimed at assisting individuals and families whose income is at or below 150% of the federal poverty level (FPL).
"This agreement is an example of what independent, flexible work with dignity should look like in the 21st Century. We are thrilled to see more policymakers supporting portable benefits and innovative frameworks to improve independent work," Uber CLO Tony West said.