Another lawmaker is proposing new retirement policy that would require employers with 10 or more employees offer a defined-contribution type savings plan.
But the proposal Rep. Joseph Crowley, D-New York, unveiled yesterday at the Center for American Progress, a progressive think tank, takes previous proposals further.
Not only would employers be required to provide access to a plan; they'd be required to contribute to it as well.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
