I was intending to leave this issue alone for a few weeks, and wait until the Workplace Pension proposal (upon which we blogged a few days ago) had a chance to percolate within the retirement industry. But I had the chance to spend a few minutes with David John (David is a senior scholar at
automatic IRA
Obama’s Automatic Workplace Pensions: 403(b) Redux?
By Robert Toth on
Posted in 403(b), Automatic Workplace Pension
President Obama’s new budget proposes the establishment of a new "Automatic Workplace Pension" (see pages 84 and 85 of the OMB’s budget description and David John’s description at the Heritage Foundation’s site). It is based upon proposals from the Retirement Security Project run by Mark Iwry, David John and William Gale.
There is little doubt…