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Comments on proposed Office of the Retirement Savings Lost and Found
Mark J. Warshawsky, American Enterprise Institute (AEI) Senior Fellow, recently took an in-depth look at a specific component of H.R. 2954 passed in May by the House Ways and Means Committee–the proposed formation of an “Office of the Retirement Savings Lost and Found.” The proposal addresses the difficulties faced by today’s workers in tracking and managing pension accounts in which they’ve been enrolled during their working years. As Warshawsky notes, the problem is exacerbated by the sheer volume of jobs held by the average worker (more than 12, as reported by a Bureau of labor Satistics study), as well as the automatic enrollment processes that often leave workers surprised when they depart an employer.
Read Mr. Warshawsky’s AEI post here…
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