Congress' budget reconciliation bill includes three provisions impactful for employers and workers alike, including mandatory retirement savings plans for most.
The survey also revealed that two-thirds of respondents wish they had started saving earlier and regret that they had not saved more. And 87% believe it is important that their retirement income from savings is protected for life.
But if a business does not offer a retirement plan, many workers may fail to save for retirement. Taking an extra step to require businesses to offer a plan can only boost retirement savings further.
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