The Importance of Auto Features in Promoting Retirement Savings

Brigitte C. Madrian, Harvard University and National Bureau of Economic Research

Published October 01, 2014

A state-sponsored retirement savings plan could help millions of private-sector workers who are not covered by an employer plan build financial security. Several features will help a plan become more effective and produce more secure retirements. This report discusses how automatic enrollment and escalation can increase both participation and savings.

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Staff Contact: David John, djohn@aarp.org, 202 434-3865

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The Importance of Auto Features in Promoting Retirement Savings