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Series

The Catholic University of America, Columbus School of Law

Retirement Security Law

2014

Articles 1 - 1 of 1

Full-Text Articles in Law

Increasing Coverage In Today’S Private Retirement System, Regina T. Jefferson Jan 2014

Increasing Coverage In Today’S Private Retirement System, Regina T. Jefferson

Scholarly Articles and Other Contributions

Part I of this Reflection describes and critiques the effective-ness of the existing nondiscrimination standards for encouraging in-creased coverage in the private retirement system. Part II examines current trends with respect to various segments of the working population and concludes that existing pension law and policies are providing inadequate retirement benefits to low- and middle-income workers participating in 401(k) plans. Part III proposes the following three recommendations for increasing participation rates in the current pension climate: (1) mandatory education programs for all 401(k) plans; (2) mandatory automatic features in 401(k) plans; and (3) an additional tax incentive ...