The "Pensions for All Act" aims to enhance retirement security for workers by ensuring that all employers provide retirement programs comparable to the Federal Employees Retirement System (FERS). Employers can either offer a retirement plan that meets FERS standards or allow employees to enroll directly in FERS. This requirement also applies to self-employed individuals, who must participate in a comparable retirement program or enroll in FERS. Employers and self-employed individuals can switch between these options annually, as determined by the Secretary of Labor.