Two puzzle pieces The pandemic has pressured some employers to cut or pause their 401(k) contribution matches, but Benartzi suggests that employers who are considering such a move adopt a stretch match instead.

Lawmakers have scrambled over the past year to minimize the financial impact that early withdrawals might have on retirement savers forced to dip into their accounts due to the pandemic. In a white paper for Voya Financial, Shlomo Benartzi, professor emeritus at UCLA Anderson School of Management and senior academic advisor at Voya, asks the question, “if we make it easy to draw down savings, how can we make it even easier to accumulate savings once the hardship is over?”

Related: New work dynamics call for employers to re-imagine retirement benefits for younger adults

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