Employers can make this happen today by asking workers about their prior savings rate and nudging them to elect that if it’s higher than the default.
What’s more tricky is defaulting people into a rate=max{prior,default}. This may require policy change and definitely data on prior saving rate.
Employers can make this happen today by asking workers about their prior savings rate and nudging them to elect that if it’s higher than the default.
What’s more tricky is defaulting people into a rate=max{prior,default}. This may require policy change and definitely data on prior saving rate.