Congress must pass a law mandating that every worker in the country be automatically enrolled in a workplace retirement savings plan.
That recommendation, advanced by Alicia Munnell, the director at Boston College’s Center for Retirement Research, was perhaps the most aggressive policy proposal advanced during a Senate Finance Committee hearing on retirement policy Thursday.
Munnell was one of three experts summoned to give feedback on retirement policy suggestions made by a tax reform working group on savings and investment policy, convened last year at the behest of Sen. Orrin Hatch, R-Utah, chair of the Senate Finance Committee.
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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.
