State Initiatives to Cover Uncovered Private Sector Workers

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The brief’s key findings are:

  • Half of private sector workers are not covered by an employer-sponsored retirement plan.
  • The federal government has made no progress on closing this coverage gap, so the states are stepping into the breach:
    • Four states have adopted a mandatory Auto-IRA program.
    • Two other states are setting up voluntary marketplaces.
  • Of these two approaches, the Auto-IRA would be much more effective.
  • But a national Auto-IRA would be much better than 50 separate state plans.