Automatic IRAs - A Quick Fix For Workers Without Pensions?

Publication: The Washington Post

Author: Albert B. Crenshaw


02/19/2006 - For the past year or two, the turmoil in the U.S. private pension system has captured headlines and sent shivers through many households.

But for roughly half of U.S. workers, failing pensions aren't a concern. They don't have pensions -- or any employer-sponsored retirement plan -- to worry about.

They do have old age and retirement to face, however, and policymakers increasingly fear that many of those workers, who today number about 71 million, will live out their final years with only Social Security income to support them.

Read the rest of the article on TheWashington Post site--Automatic IRAs - a Quick Fix for Workers Without Pensions?.

Pew is no longer active in this line of work, but for more information visit the Retirement Security Project on PewHealth.org. 

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