Automatic Enrollment in Public Supplemental Retirement Plans
Year: 2025
Type: article
Abstract: In this paper, we examine the prevalence of automatic enrollment provisions in public supplemental retirement plans. Available evidence indicates that relatively few government retirement systems have adopted automatic enrollment provisions for their supplemental retirement saving plans. We explore some factors that might explain this lack of interest in automatic enrollment by public employers, including: state laws that specifically prohibit the use of auto enrollment, the overhead costs of adding the policy, the perception that governments are already providing an adequate retirement plan, and union concerns about the impact of reduced take home pay. JEL codes: H75, J32, J45
Authors: Robert L. Clark, Lee A. Craig, Joshua Freely, David P. Richardson
Institutions: North Carolina State University, TIAA Institute
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
Funder: TIAA Institute
OpenAlex ID: W4414774614