Retirement Security Matters: April 8, 2021
OK People, it’s Women’s History Month! Do you think it’s possible to do an all-female-cast version of the RSM newsletter? We’re going to give it a shot. Hang on to your seat:
• Starting us off, Treasurer Sarah Godlewski spills it on Wisconsin’s five-point report and recommendations, and then
• Our own Angela Antonelli of Georgetown’s Center for Retirement Innovation shares insights from early days of the retirement security movement – and new forward-leaning ideas
• The latest state metrics – did you know many of these programs are led by women, and/or sponsored by female Treasurers and legislators?
• Grant’s Go To’s: Just for this edition, Grant wears a wig. OK, we’re kidding. And we appreciate Grant. States Take Aim at TDFs. Check it out.
• Some Cool Stuff to read and watch – Cicely Tyson, anyone?
• And, some, Pix of the Week!
Auto IRAs and Employers: What’s the Skinny?
Alison Shelton of the Pew Charitable Trusts has researched and spoken about retirement security for two decades. Here we talk about fresh research on employer experience and attitudes related to the OregonSaves program specifically and Auto IRAs generally.
Grant’s Go-To’s: How Will SFRP’s Shape the Retirement Savings Marketplace?
Since the beginning of 2021, I’ve noticed an uptick in media stories and marketing that highlight alternatives to State-Facilitated Retirement Savings Programs (SFRPs) such as CalSavers, Illinois Secure Choice and OregonSaves. One company in California, for example, describes its Pooled Employer Plan (PEP) 401(k)s as more suitable for highly compensated employees because unlike IRAs, 401(k)s allow for employer contributions and have higher annual employee contribution limits.