Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
March 10, 2009
Obama Proposes Requirement for Automatic Enrollment in Retirement Plans

President Barack Obama's budget request for fiscal year 2010 includes a proposal that would require automatic enrollment in retirement plans.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Obama says a requirement for automatic enrollment in retirement plans would boost the number of Americans saving for retirement and increase the amount that Americans are saving.\If an employer doesn't currently offer a retirement plan, the employer would be required to enroll employees in a direct-deposit IRA account. Employees would be able to opt-out of retirement plan.

In the budget request, Obama also proposed increased funding for the Occupational Safety and Health Administration and Wage and Hour Division to ensure that employers are complying with workplace laws and regulations.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: