News Corp. to Match US Government's $1,000 Contribution to Child Investment Accounts

MT Newswires Live

02/20

News Corp. (NWS) said Thursday it will match the US government's one-time $1,000 contribution to Section 530A accounts for eligible employees, intended to provide a financial head start for American children.

Beginning in July, eligible US employees can enroll in a pilot program under which the US Treasury will deposit $1,000 into a tax-advantaged investment account for each child born between Jan. 1, 2025, and Dec. 31, 2028.

News Corp. said it will add a one-time $1,000 supplemental match for participating employees.

Price: 26.12, Change: -0.17, Percent Change: -0.63

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