Democrats seek to legislate retirement savings
In an effort to increase the number of Americans who are saving for retirement - roughly 50 percent of employees have no retirement savings at all - the Automatic IRA Act of 2010 has been introduced in the Senate by Sen. Jeff Bingaman (D-NM) and in the House by Rep. Richard Neal (D-MA). The bill establishes IRA accounts for all employees and sets up automatic payroll deductions.
