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Using Automatic Escalation in Public Sector Retirement Plans to Increase Savings (PDF)
Center for State & Local Government Excellence Mar. 27, 2014 "[This] brief offers recommendations on how governments might incorporate an automatic escalation policy into their defined contribution retirement plans, including: [1] Ensure that employee groups are part of the process ... [2] Acknowledge that there is no uniform approach to automatic escalation policies.... [3] Reduce or eliminate as many barriers to enrollment as possible. [4] Communicate with employees about the benefits of the feature when it is adopted. [5] Consider implementing it in conjunction with other features, such as automatic enrollment." |
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