A ploy to harm Social Security?

Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise. “Under the proposal, starting in 2023, employers with five or more employees would have to offer a retirement plan and automatically enroll employees, diverting 6% of their pay to a retirement account. An automatic escalation clause would increase the automatic contribution to 10% of pay by year five. The default plan would be a Roth IRA invested in a target-date fund, a mix of investments based on your expected retirement year.

“For employers, it’s a mandate. They would have to offer the plans. Employees would be able to opt out.”