Tag: auto-enrollment
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…
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:…
