Tag: auto-IRA
Early data show how employers and workers are responding to OregonSaves. About half of private sector workers are not covered by an employer-sponsored retirement savings plan at any given time, and few workers save without one. In the absence of federal action to close this coverage gap, some states have passed legislation to implement “Auto-IRA”…
The brief’s key findings are: Since many workers lack retirement plans at work, some states are setting up programs that require employers without a plan to enroll workers in an IRA. Oregon was the first state to launch its auto-IRA and is now providing initial data on how workers and employers have responded. On the positive side,…
