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There are a slew of 401k reform plans out there, ranging from modest proposals for automatic employee enrollment (but undercut by the employee's right to opt out) to replacement of the 401k by a new system run by the government or a nonprofit organization. (For a useful description of the various ideas, see a study by Robert Hiltonsmith for Demos, a liberal think tank that espouses total overhaul.)

The Authorities Budget Office released a report today that identifies state and local authorities that have not filed a budget, annual and/or audit report for the most recent reporting period as required by new Public Authorities Law.

The Authorities Budget Office released a report today that identifies state and local authorities that have not filed a budget, annual and/or audit report for the most recent reporting period as required by new Public Authorities Law.

ALBUQUERQUE, NM – A coalition of voting rights groups scored a major victory yesterday in their lawsuit against New Mexico’s Human Services Division (HSD) and Secretary of State Mary Herrera, with a ruling by a U.S. District Judge that the State of New Mexico is in violation of the National Voter Registration Act (NVRA). 

Washington DC — House Speaker Nancy Pelosi has appointed Stephen B. Heintz to serve on the newly created Commission on Key National Indicators.

Washington, DC — The need for our nation to rebuild the middle class — the real engine of our economy — was completely overlooked in the new job-killing recommendations from the National Commission on Fiscal Responsibility and Reform earlier today. Tamara Draut, Vice President of Policy and Programs at Demos responded with the following statement.

Brenda Wright joins a panel discussion on money in politics at Allegheny College

Washington, DC — The need for our nation to rebuild the middle class-the real engine of our economy-was completely overlooked in the new job-killing recommendations from the National Commission on Fiscal Responsibility and Reform earlier today. Tamara Draut, Vice President of Policy and Programs at Demos responded with the following statement.

Washington, DC — A collaborative effort of The Century Foundation, Demos and the Economic Policy Institute (EPI), Our Fiscal Security today released Investing in America’s Economy: A Budget Blueprint for Economic

By 1995, there were more 401(k)s plans than traditional pension plans. Now there are about twice as many. And they're not working out that well, Robert Hiltonsmith, a policy analyst at the think tank Demos, shows in his paper "The Failure of the 401(k)."

The failure, experts say, basically, is this: The typical worker approaching retirement needs about $250,000 in a 401(k). Most don't come close. The average is closer to $98,000 - only a bit more than a third of the recommended amount.