Impact of Defaults in Retirement Saving Plans: Public Employee Plans
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We would like to thank Rob Wylie, Executive Director of the South Dakota Retirement System, and his team for providing the administrative data used in this analysis. They also provided useful information about the introduction of automatic enrollment into the 457 plan. We also acknowledge the assistance of Joshua Franzel on earlier work describing the adoption of automatic enrollment in South Dakota. An earlier version of this paper was presented at the 2018 SIEPPR “Working Longer Conference” at Stanford University. Damon Jones, Joanna Lahey, and Anirudh Mylavarapu have provided helpful comments. This project received funding from the TIAA Institute and the Wharton School’s Pension Research Council/Boettner Center. The content is solely the responsibility of the authors and does not necessarily represent official views of the above-named institutions, nor of the National Bureau of Economic Research.