Proposals to scale back or eliminate retirement savings incentives in 401(k) plans not only endanger the ability of low- and moderate-income workers to enjoy secure retirements but are based on faulty math, according to new research from the American Society of Pension Professionals & Actuaries (ASPPA).

ASPPA analysis shows the real cost of retirement savings incentives to be 55 percent to 75 percent lower than claimed by budget hawks, meaning that proposed cuts will not save nearly as much as advertised even as they jeopardize the future of 401(k)s and other retirement plans.

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