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Trump to ease retirement regulations with executive order

President Donald Trump addresses his supporters at a campaign rally at the Ford Center Thursday, Aug. 30, 2018, in Evansville, Ind. Trump appeared at the rally to boost support for wealthy Republican businessman Mike Braun in what is viewed as one of the nation's most competitive Senate races. (Denny Simmons/Evansville Courier & Press via AP.

President Donald Trump addresses his supporters at a campaign rally at the Ford Center Thursday, Aug. 30, 2018, in Evansville, Ind. Trump appeared at the rally to boost support for wealthy Republican businessman Mike Braun in what is viewed as one of the nation’s most competitive Senate races. (Denny Simmons/Evansville Courier & Press via AP.

WASHINGTON  — President Donald Trump is set to sign an executive order to make it easier for small businesses to group together to provide their workers with retirement plans.

The White House says Trump will direct the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. Administration officials say high costs discourage employers from offering plans like 401(k)s at a time when surveys show workers worry about being able to live comfortably in retirement.

Trump is expected to deliver remarks and sign the directive at an event Friday at the Harris Conference Center in Charlotte, North Carolina.

Trump will also headline a fundraiser for Republican congressional candidates Mark Harris and Rep. Ted Budd while he is in town.


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