Friday, June 27, 2008
Tweet[IWS] EBRI: THE IMPACT OF PPA (Pension Protection Act) ON RETIREMENT SAVINGS for 401(k) PARTICIPANTS [27 June 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Employee Benefit Research Institute (EBRI)
EBRI Issue Brief #318
The Impact of PPA on Retirement Savings for 401(k) Participants [27 June 2008]
http://www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3948
or
http://www.ebri.org/pdf/briefspdf/EBRI_IB_06-20081.pdf
[full-text, 24 pages]
Press Release 27 June 2008
New Research from EBRI:
Analysis Shows "Automatic" 401(k) Features Likely to Be Big Help in Generating New Retirement Savings
http://www.ebri.org/pdf/PR_806_27June082.pdf
WASHINGTONNew analysis by the nonpartisan Employee Benefit Research Institute
(EBRI) finds that the "automatic" 401(k) features in the Pension Protection Act of 2006
(PPA)such as auto-enrollment of workers and auto-escalation of their savings
contributionsare likely to have a very significant positive impact in generating additional
retirement savings for many workers, especially for low-income workers.
Using its Retirement Security Projection Model,® EBRI simulates (under several
assumptions) the likely impact of 401(k) plan sponsors switching from voluntary enrollment
systems to automatic enrollment designs with automatic escalation. The full report, published
in the June EBRI Issue Brief, "The Impact of PPA on Retirement Savings for 401(k)
Participants," available online at www.ebri.org It is the first report of its kind to quantify
how the PPA's 401(k) provisions will affect a wide variety of workers based on various
income and participation factors.
AND MORE....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Employee Benefit Research Institute (EBRI)
EBRI Issue Brief #318
The Impact of PPA on Retirement Savings for 401(k) Participants [27 June 2008]
http://www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3948
or
http://www.ebri.org/pdf/briefspdf/EBRI_IB_06-20081.pdf
[full-text, 24 pages]
Press Release 27 June 2008
New Research from EBRI:
Analysis Shows "Automatic" 401(k) Features Likely to Be Big Help in Generating New Retirement Savings
http://www.ebri.org/pdf/PR_806_27June082.pdf
WASHINGTONNew analysis by the nonpartisan Employee Benefit Research Institute
(EBRI) finds that the "automatic" 401(k) features in the Pension Protection Act of 2006
(PPA)such as auto-enrollment of workers and auto-escalation of their savings
contributionsare likely to have a very significant positive impact in generating additional
retirement savings for many workers, especially for low-income workers.
Using its Retirement Security Projection Model,® EBRI simulates (under several
assumptions) the likely impact of 401(k) plan sponsors switching from voluntary enrollment
systems to automatic enrollment designs with automatic escalation. The full report, published
in the June EBRI Issue Brief, "The Impact of PPA on Retirement Savings for 401(k)
Participants," available online at www.ebri.org It is the first report of its kind to quantify
how the PPA's 401(k) provisions will affect a wide variety of workers based on various
income and participation factors.
AND MORE....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 2:21 PM
