To design policies that ensure justice for all, we need tools for estimating not just a proposal's price tag but its fairness. Part of a set of demonstration analyses that use the Equity Scoring Initiative's dimensions of equity improvement to structure equity assessments, this report shows the potential impact of the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) for different groups. It discusses how equity scoring can inform the design, debate, and implementation of access- and intermediary-oriented policies, especially those focused on improving retirement security.
Authors
- Pages
- 37
- Published in
- United States of America
Table of Contents
- Does the SECURE 2.0 Act Improve Equity in Workers Access to Retirement Accounts 1
- Contents 3
- Foreword Equity Scoring and Equal Protection 4
- Note 6
- Acknowledgments 8
- Executive Summary 9
- Does the SECURE 2.0 Act Improve Equity in Workers Access to Retirement Accounts 11
- Why We Focus on Retirement Insecurity among Older and Disabled Adults and Evaluate Federal Efforts to Combat It 11
- Policies Targeting Economic Security among Older and Disabled Adults 13
- The Equity Scoring Initiative 14
- How We Analyzed the SECURE 2.0 Act 16
- Provisions We Studied 17
- Data and Population of Interest 18
- Key Outcomes and Other Variables of Interest 19
- Analytical Approach 20
- Operationalizing Equity and Generating Equity Scores 21
- Projected Impact of SECURE 2.0 23
- Summary of Equity Improvement 25
- What Do SECURE 2.0s Provisions around Access to Retirement Plans Illustrate about Equity Scoring 28
- Encouraging versus Requiring Employers to Increase Access 29
- Adjusting the Timing and Amount of Distributions from Retirement Savings Plans 29
- Examining the Groups Who Continue to Be Disfavored and Favored 30
- Implications for Equity Scoring of Access-Oriented Proposals 30
- Notes 32
- References 33
- About the Authors 35
