Automatic enrollment in a defined contribution plan has been allover the news as a means of increasing participation among workersand getting them better prepared for retirement—but that doesn’tmean it’s a cure-all.
In fact, auto-enrolled older workers aren’t as enthusiasticabout contributing to their retirement fund as those who enrollthemselves.
That’s according to a working paper from the Center forRetirement Research at Boston College, which found that olderworkers who are automatically enrolled in their retirementplan at work don’t tend to contribute as much to theplan as workers who have to actively put themselves into theplan.
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