, Columnist
Senate Should Rein In States' Retirement Plans
Republicans are right to want strict rules on states' IRAs for private-sector workers.
A penny saved is a penny to be protected.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
It’s unusual to see Republicans trying to impose regulations on state governments in order to protect workers. But that’s what they’re doing, and they have a point.
The dispute concerns private-sector workers whose employers don’t sponsor retirement-savings plans such as 401(k)s. Several state governments want to run programs for those employees, whose employers would have to automatically enroll them unless the worker opts out.