Assignment task: Please provide an opinion as to whether any of the three primary and five ancillary evaluative criteria that Kraft considers essential in analyzing policies are present in the paragraph(s) below.
Please provide two or three sources.
The article discusses the potential changes in retirement policies, highlighting the issues faced by employers who prioritize profit over benefits. Employees may struggle to keep track of multiple retirement plans or never receive a retirement plan. Several states have started requiring state retirement plans, such as Roth IRAs, if companies do not offer them. Decoupled plans are also offered to employees working with different employers.
The article discusses the AGES principles, which help build a framework for retirement security. Employers can choose which benefits they offer to their employees, but having the state offer a retirement plan is unfair. Decoupling can provide employees with more options while reducing costs for employers, diversifying options and allowing more investment opportunities.
Using a third-party entity for employer support is efficient and effective, as it requires trust in their service. Employers should use the state for their retirement policy, which can be considered a pooled employer plan. This allows employees easy access to their retirement plan in a one-stop shop, eliminating confusion and work.