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On June 9, 2009, Mark Iwry and David John participated in a webcast hosted by PlanSponsor and sponsored by Metlife on Increasing Annuitization in 401(k) plans with Automatic Trial Income. To see the presentation, please click here. J. Mark Iwry, Principal of The Retirement Security Project, Nonresident Senior Fellow the The Brookings Institution, and former Treasury Department official, has been appointed by Treasury Secretary Timothy Geithner as Senior Advisor to the Secretary and Deputy Assistant Treasury Secretary for Retirement and Health Policy, effective April 27, 2009. For full press release, click here. President Obama's budget outline includes automatic IRA proposal and Expansion of the Saver's Credit for 401(k) and IRA savings. The Automatic IRA proposal developed by the Retirement Security Project would pursue universal retirement savings coverage by allowing employees not covered by qualified retirement plans to save for retirement through automatic payroll deposit IRAs. The Saver's Credit helps moderate- and lower- income families who save in 401(k)s and IRAs. For full press release, click here. Automatic IRA Fact Sheet: Extending Retirement Saving Opportunities to 75 Million More American Workers New from Retirement Made Simpler (RMS): Stay current with the latest research from plan administrators, plan consultants and others related to automatic 401(k)s. Read White Papers. For more information, go to www.retirementmadesimpler.org
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Two cheers for automatic IRA enrollment June 16, 2009, , Investment News Something must be done to encourage employees of small companies to save for retirement. As many as 78 million such workers aren't saving for the future and ultimately will depend on Social Security.Does Your 401(k) Need an Annuity? June 3, 2009, Karen M. Kroll, The Street.com Most workers haven’t saved enough to maintain their quality of life in retirement. That’s prompting several firms to introduce a new type of 401(k) plan that combines elements of traditional pensions.Retirement Plan Policy Advisor Aims to Bolster Savings May 14, 2009, Gregg D. Killoren, CCH Financial In a signal that retirement issues have become a higher priority at the Treasury Department, Mark Iwry was named to the newly created position of senior adviser to Treasury Secretary Timothy Geithner.Radical retirement initiative from Brookings in the works May 4, 2009, Mark Bruno, Investment News Through the Retirement Security Project, Mr. Iwry and other retirement experts are proposing ideas that could, among other things, allow 401(k) participants to “test drive” annuities.  Search all news
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 Automatic 401(k) Automatic Enrollment: Adding automatic enrollment to a company plan has been found to increase plan participation among new hires from 49 percent to 86 percent. Automatic Escalation: Employee contributions would automatically increase in a preset manner so that as the employee's earnings increase the contribution rat rises accordingly. Automatic Investment: Most individuals are overwhelmed by investment choices. With automatic investment, funds would by default be invested in balanced, prudently diversified, low cost vehicles.  click here to download (49k)
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The Retirement Security Project is supported by The Pew Charitable Trusts, in partnership with
Georgetown University's Public Policy Institute and The Brookings Institution. |
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