Legislation recently introduced by Rep. Richard Neal, D-MA,ranking member of the House Ways and Means Committee, proposes whatmay be the most aggressive retirement policy to date.
The Automatic Retirement Plan Act of 2017 requires all privatesector employers with more than 10 employees to offer a definedcontribution retirement plan.
While the idea may sound like a progressive pipedream, MelissaKahn, managing director of retirement policy at State Street GlobalAdvisors, says it is anything but.
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