Tag: Secure Choice Retirement Program
Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall for disadvantaged workers in service, retail and other low-paying jobs. The crux of the problem, the researchers find, is that they lack easy…
Voluntary efforts don’t move the needle. The Massachusetts legislature is considering a bill that would establish a state-run “Secure Choice Retirement Program” to cover workers whose employer does not provide a retirement plan. Similar efforts are under way in California, Connecticut, Illinois, New Jersey, and Oregon. These initiatives involve a mandate on employers to auto-enro…
