Tag: Oregon’s Auto-IRA

Business team brainstorming with charts and graphs

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 Oregon state flag waving along with the national flag of the United States of America

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,…