States are grappling with that issue as they roll out totally different types of state-facilitated retirement programs for private sector workers. This week Washington state, launched its RetirementMarketplace, becoming the first state to take the “we hope you sign up” approach. The target audience: an estimated 131,000 small businesses and 2 million Washingtonians with no workplace retirement savings plan. By contrast, the idea of the state programs is for really beginner savers. Since 2012, 40 states have acted to implement, study or consider legislation to establish state-facilitated retirement savings programs, according to the Georgetown Center for Retirement Initiatives.

Source: Forbes March 23, 2018 14:29 UTC