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Walgreens plans to roll out a student loan 401(k) match program, the company announced Oct. 2. The pharmacy chain is the latest organization to take advantage of a new federal provision that allows employers to contribute to workers’ retirement accounts based on payments they make toward their student debt.
Under the new benefit, which will be available to eligible employees starting in January 2025, Walgreens will contribute up to 4% of workers’ eligible compensation to their 401(k) accounts when they make student loan payments.
“With the rising costs of education, too many individuals are forced to make difficult choices between repaying student