Tag: employer-sponsored retirement plans
In recent years, 16 states have launched or are preparing to launch auto-IRA programs that require employers without a retirement plan to auto-enroll their workers in an IRA. Although studies have begun to document outcomes in the nascent auto-IRAs, less attention has been paid to their interaction with other safety net programs, particularly Medicaid…
State auto-IRA initiatives provide coverage to workers without an employer-sponsored retirement plan. These workers tend to have lower incomes and often have limited savings to cope with emergency expenses…