Tag: employer-sponsored retirement
Abstract About half of private sector workers in the United States do not participate in an employer-sponsored retirement plan at their current job. To fill the gap, a number of state governments around the country have recently launched initiatives to automatically enroll their uncovered workers in Individual Retirement Accounts (IRAs). This paper reports on t…
The brief’s key findings are: Policymakers worldwide are concerned that workers are not saving enough for retirement, in part due to a lack of coverage by employer-based plans. The United Kingdom has recently completed a nationwide rollout of auto-enrollment, with the ability to opt out. In the wake of this initiative, participation rates have jumped…