Tag: auto-enrollment
![Closeup of US tax form 1040 and businessman hand calculating and filling report paper at the office](https://crr.bc.edu/wp-content/uploads/2016/04/Closeup-of-US-tax-form-1040-and-businessman-hand-calculating-and-filling-report-paper-at-the-office-1536x1011.jpeg.webp)
The brief’s key findings are: States are introducing initiatives to provide retirement plan coverage to private sector workers who lack it. These initiatives could be supplemented by the Saver’s Credit, a federal tax incentive for low- and moderate-income savers. The existing Saver’s Credit is limited and not refundable, but proposed legislation would extend the Credit…
![businessman in glasses making notes at table with laptop](https://crr.bc.edu/wp-content/uploads/2016/03/businessman-in-glasses-making-notes-at-table-with-laptop-1536x1024.jpeg.webp)
The brief’s key findings are: California and Connecticut are seeking to provide retirement plan coverage to private sector workers who lack it. Both states propose a mandate on employers to either provide their own plan or automatically enroll their workers in a state Auto-IRA program. Both states have completed feasibility studies that offer important lessons:…