Media Outlet:
The Hill Publication Date:
Description:
For The Hill, Senior Lecturer Robert Pozen and contributor Mark Iwry argue that the U.S. should implement federal legislation for automatic retirement savings plans. “Without burdening small employers, bipartisan auto-IRA legislation would make retirement saving easy for employees without an IRA or retirement plan at work,” write Pozen and Iwry. “Such legislation would extend tax-favored retirement savings to the tens of millions of workers now left behind, fulfilling the stated intent of the recent executive order ‘to ensure that every American worker has access to a simple, portable, low-cost retirement-savings option.’”