A new report from the Government Accountability Office suggestsCongressional action combined with regulatory revisions from theDepartment of Labor are needed to helpstates implement savings programs for private-sector workers wholack access to workplace retirement plans.
The agency’s one-year study was conducted at the behest of Sen.Patty Murray, D-Washington, the ranking member on the SenateCommittee on Health, Education, Labor and Pensions.
“We agree that DOL should review and revise existing regulationsand guidance to accomplish all that can be done administratively tofacilitate state efforts to expand coverage,” wrote the agency inits conclusions.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
