Democrats Advance Plan to Require Employers to Offer Retirement Plans - WSJ

Starting on Jan. 1, 2023, the provision would require employers to deduct at least 6% from workers’ paychecks and automatically increase that savings rate by 1 percentage point a year until reaching 10% of pay.

Oh look, another terrible idea.

Taking an additional 6% out of peoples checks and investing in securities that people don’t understand.

Administrators sure will love this brand new fee base, tho!