What’s Pete Buttigieg’s Retirement “Public Option” All About, Anyway?
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As I observed in my prior article, among Pete Buttigieg’s proposals for retirement is a “public option” 401(k) plan. According to his white paper, employers would be required to facilitate a payroll deduction and a worker choosing to participate at a 1.5% level would trigger a mandatory 3% employer contribution. He pledges that the retirement accounts’ fees would be required by law to be…