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About 55 million private sector employees in the US have no access to retirement savings plans at work. In response, many states are considering sponsoring plans that would offer simple ways for many workers to improve their retirement security. This resource center provides practical policy information to facilitate the establishment of state plans. It features policy papers from many sources about structuring state-sponsored plans, improving savings, implementing automatic features, and other issues, as well as facts on retirement savings.
Nearly half of the American workforce does not have the option to save for retirement at work. Without a pension, their only sources of income in retirement are personal savings and Social Security benefits, which tend to fall far short of what is needed to be financially secure.
Workers, employers and taxpayers all have a stake in state-sponsored retirement savings plans. Several states have commissioned studies of the costs and benefits of various policy proposals, while other experts have estimated the savings to states when more residents are able to save for retirement at work.
Disrupt Savings: It’s Time For Change: 1 in 3 Americans report they have no retirement savings. Experts explain why we aren’t saving and why we must
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