Tag: automatic enrollment
The brief’s key findings are: Today’s workers must save on their own for a secure retirement, so researchers have examined existing options for encouraging them. Tax incentives: recent research suggests that increasing the generosity of tax incentives for 401(k)s and IRAs would not significantly increase saving. 401(k) design: auto-enrollment has boosted participation, but, to date,…
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:…
