Tag: Secure Choice Retirement Program

People with umbrellas crossing the street

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…

Welcome to Massachusetts sign

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-enroll their employees in a Roth IRA…