Automatic Workplace Pensions

"Save More Tomorrow" option on TSP and similar plans

Add the "Save More Tomorrow" option to all government run defined contribution programs such as the TSP. This saving option which ramps up the saved percentages with increasing income is a proven option to induce more individual savings which will lead to lower future dependencies on federal subsidies. See: http://www.anderson.ucla.edu/faculty/shlomo.benartzi/savemore.htm

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Idea No. 14451