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U.S. nudges states to help private-sector workers save for retirement The federal government has finalized the rules that will guide the states in establishing their own retirement savings plans with automatic features for their private-sector employees, according to this article on The Wall Street Journal. The new plans are part of the administration’s push to get people to save more for retirement. “We literally have tens of millions of people, roughly a third of American workers, working on a job where they don’t have a pension, where they don’t have any retirement vehicle,” says Labor Secretary Thomas Perez. “What we need to do is to figure out different ways to promote saving."
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