BigBucnNole
Elite
- Joined
- Jan 15, 2021
- Messages
- 2,158
A new law would require employees to save for retirement
Auto-enrollment may be just what Americans need to save more for retirement --- but perhaps only if the government makes it a requirement.
![www.marketwatch.com](/proxy.php?image=https%3A%2F%2Fmw4.wsj.net%2Fmw5%2Fcontent%2Fimages%2Ffavicons%2Fapple-touch-icon.png&hash=a73035112cb883f9c3e27c755262ef90&return_error=1)
As it stands, the proposal states participants must begin with a deferral of at least 3% and no more than 10%, with an annual increase of one percentage point for every year (up until the maximum 10%). “Requiring all plans to increase the share of contributions into retirement plans would make it much easier to accumulate enough money to live securely.”