H.R. 6685 modifies federal tax law to exempt multiemployer pension plans from automatic enrollment requirements that apply to other retirement plans. Multiemployer plans are typically large pension systems jointly managed by unions and employers that cover workers across multiple companies in the same industry. The bill would allow these plans to continue operating without the automatic enrollment features that were established to help workers save for retirement more easily. The exemption applies to tax years beginning after December 31, 2024, meaning it takes effect for the 2025 tax year. This change aligns multiemployer plans with existing exceptions already granted to church plans under tax code provisions.
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