Over recent years, an increasing number of workers have transitioned into gig workers. Despite the common perception differing, at the core, these workers are merely sole proprietors striving to make a living from one project to another. Whether it’s a musician performing for different events, a writer contributing articles to multiple platforms, or a software designer jumping from one development assignment to the next, they are effectively running their own businesses.
Keeping in line with this shift, there have been discussions on the concept of a Gig PEP, a gig multiple employer plan. This approach, if implemented, could potentially aid countless gig workers in their retirement planning. As of yet, such a measure is not in place, but the labor market’s evolving nature could warrant such a solution in due time.
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