Archive: Closing the coverage gap
For decades, we and other commentators have asserted that, at any given time, roughly 50 percent of private sector workers participate in an employer-sponsored retirement plan. It used to be easy to check out the “50 percent” number because the federal government’s Current Population Survey (CPS) produced data on coverage and participation for public and…
Given that only about half of private sector workers are covered by an employer-sponsored plan at any given time, 16 states have launched – or are in the process of launching – auto-IRA programs that require employers without a plan to auto-enroll their workers in a Roth IRA. While these programs will help those without…
