Tag: automatic enrollment
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:…
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…
