Among the proposals in President Barack Obama's budget, unveiled this morning, is a measure to expand retirement plans by requiring employers that do not have such a plan to auto-enroll workers into an IRA, and modifying the existing Saver´s Credit to provide a 50% match on the first $1,000 of retirement savings for families that earn less than $65,000. The credit would be fully refundable to ensure that savings incentives are fair to all workers.
What is your opinion of these proposals and their potential effect on both retirement plans and retirement savings? Ready, set, comment!
Register or login for access to this item and much more
All Employee Benefit News becomes archived within a week of it being published
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access