Central New York businesses wanting to lure quality job candidates are learning the rules for matching employee student loan payments. This week, the IRS laid out specific guidelines for the SECURE 2.0 Act passed in 2022.
The new guidelines give employers clearer instructions to begin offering the benefit after the new year.
Going forward, employers can offer matching contributions based on qualified student loan payments, even if the employee doesn't contribute to the retirement plan.
According to the IRS proposed regulations (link above):
