State-run retirement savings programs may fuel launch of private plans, Pew study says

2023-04-17T16:20:08-07:00April 17th, 2023|Categories: Retirement|Tags: , |

By Margarida Correia Source: Pensions & Investments State-run retirement savings programs may be boosting the creation of new private-sector plans, according to a study from the Pew Charitable Trusts released Friday. Businesses in California, Illinois and Oregon — the first three states to launch state-facilitated programs to help private-sector workers without workplace plans save for retirement — continued to launch new plans in 2021 at rates similar to or exceeding those in states without such programs, the study found. [...]