glass with coins behind it and text about when to break glass (Photo: Shutterstock)

Two events are occurring simultaneously that are causing concern. First, the volatile nature of COVID and its effects on the job market are creating a situation of uncertain income streams and income gaps. Second, the need for emergency funding has become even more important in this environment – something Americans have little of or have considered as part of their retirement savings.

However, there are options, at the policy level, that can aid workers within their workplaces to better save for emergencies and provide a bit of a financial cushion should such situation arise. A report from the Aspen Institute entitled Moving From Experimentation to the Mainstream: Policy Options to Automate Workplace Emergency Savings, provides solutions that can eliminate or reduce barriers to automatic workplace savings and can be available to workers no matter where they work or how they get paid.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.