Plan Would Allow Roth-Type 401(k)s
USA Today (02/06/03) p.1B; Dugas, Christine

As part of President Bush's proposed changes to retirement plans, employers would be allowed to start offering employees the option of making Roth IRA-style contributions to their 401(k) plans. The proposal would also eliminate traditional deductible IRAs and would call all employer-sponsored retirement plans Employer Retirement Savings Accounts. Under the new plan, which would become effective in January 2004, workers would be allowed to choose between making tax-deductible or after-tax contributions to their employee-sponsored retirement plans.

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