automatic

Colorado's political, business and community leaders should encourage employers to use automatic enrollment for 401(k) pension plans. We should also educate workers about the value of participating in these plans and of increasing contributions over time to meet retirement needs. Automatic enrollment is allowed under federal law, and pension reform legislation passed by Congress in August provides additional incentives to do so.

This bill proposes to create a [name of State] retirement savings program to promote expanded pension and retirement security for the citizens of [name of State] and assist them to achieve economic independence by making it easier for working families to save and for smaller employers to sponsor plans for their employees.

Colorado???s political, business and community leaders should encourage employers to use automatic enrollment for 401(k) pension plans. We should also educate workers about the value of participating in these plans and of increasing contributions over time to meet retirement needs. Automatic enrollment is allowed under federal law, and pension reform legislation currently pending before Congress provides additional incentives to do so.