AUSA Supports Bills to Help Spouses Save for Retirement
The Association of the U.S. Army is supporting legislation that would help spouses of active-duty troops save for retirement.
Introduced in both the House and the Senate, the Military Spouses Retirement Security Act would expand spouses’ access to retirement plans sponsored by their employers.
Under provisions outlined in the bill, small businesses—for example those with 100 or fewer employees—would be eligible for a tax credit of up to $500 a year for up to three years for every military spouse employee.