This paper in collaboration between the Aspen Institute Financial Security Program and Common Wealth proposes an approach for expanding retirement plan coverage through retirement arrangements that are workplace-based, but not tied to any single job or employer.
The paper explores six potential models
- Labor unions
- New worker organizations
- Payroll or platform companies
- Faith groups
Portable Non-Employer Retirement Benefits
An approach to expanding coverage for a 21st century workforce
80% of people are more inclined to work for a company that offers matching contributions to their retirement savings plan.
Natixis, September 2021