Requires every employer and self‑employed person to provide retirement coverage by either offering a certified private retirement program or notifying the Secretary of Labor that workers will participate in the Federal Employees Retirement System (FERS). It lets employers/self‑employed people change that choice annually and forbids employers from cutting pay because an employee is enrolled.

Opens parts of FERS and related thrift savings rules to eligible non‑Federal employers, employees, and self‑employed people; creates a new small‑employer/self‑employed tax credit for pension contributions; and imposes a daily excise tax for failure to provide or participate in required coverage, with some relief and administrative rulemaking delegated to the Labor and Treasury Secretaries (and OPM coordination).