It legal and technically does but if the employer has set up or written your salary contract in a way where it's essentially invisible (mine did) they get the benefit, not me. Now, public pressure is a bitch and might motivate them to change. Which is good.
Americans can't save for shit as is. Half of America probably won't even notice. Just think their check is extra for some reason.
Will it be? Does this automatically affect my withholdings?
It legal and technically does but if the employer has set up or written your salary contract in a way where it's essentially invisible (mine did) they get the benefit, not me. Now, public pressure is a bitch and might motivate them to change. Which is good.