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The study looked at account-level data from August 2018 through April 2020, and found that the OregonSaves program is “generating savings for a substantial number of employees.” (Photo: Shutterstock)

About half of the U.S. private-sector workforce is covered by employer-sponsored retirement plans. But what about workers who don’t have this option? A number of states require firms that don’t offer a retirement plan to enroll their workers in a state-run program.

Academic researchers John Chalmers, Olivia S. Mitchell, Jonathan Reuter and Mingli Zhong, in a National Bureau of Economic Research study, Auto-Enrollment Plans for The People: Choices and Outcomes in OregonSaves, used the state program as a test case to analyze how it worked, the level of interest and how it affected retirement savings plans.

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