Tag: default contribution

  • This is what it would mean if retirement savings changes take effect.

    This is what it would mean if retirement savings changes take effect.

    The US government has proposed a way to increase workplace retirement savings by forcing employers to enrol employees in workplace plans. The ‘Secure 2.0’ provision would require employers to set a default contribution rate of at least 3% for the employee and an automatic contribution escalation of 1% per year up to a maximum contribution…