Tag: uncovered workers
The President has done what he can, now Congress needs to auto-enroll everyone. The MyRA (My Retirement Account), which the President proposed in the State of the Union, addresses the most serious problem in our retirement system – at any moment in time only 42 percent of private sector workers (age 25-64) participate in any…
When thinking about how secure people are going to be in retirement, we tend to put a lot of emphasis on the shift in pension type from the old-fashioned defined benefit plan (where people receive a benefit for life based on final earnings and years of service) to 401(k) plans (where the employee, and usually…
