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57.3 million employees don’t have access to a retirement plan

According to a new report from the Georgetown University’s Center for Retirement Initiatives, it found 57.3 million employees in the private-sector workforce do not have access to a retirement plan through their employer. The report also mentions that 79 percent of the bottom 20 percent of earners has no retirement assets. Why? According to the authors of the report, the significant gap is caused by employers in the United States are not required to offer retirement savings plan to their employees.  Although a handful of states roll out employer-mandated retirement savings programs, they are advocating for a nationwide policy. In Kenneth Corbin’s article for Benefit News, he reports on their findings. Read Mr. Corbin’s article here…

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