Voya Financial announces support of ‘Auto Reenroll Act of 2023’ for workplace retirement plans
“Since the enactment of the Pension Protection Act of 2006, we have seen how automatic enrollment of workers into retirement plans has helped Americans better save for their future,” said Rob Grubka, CEO, Workplace Solutions at Voya Financial.
- “Since the enactment of the Pension Protection Act of 2006, we have seen how automatic enrollment of workers into retirement plans has helped Americans better save for their future,” said Rob Grubka, CEO, Workplace Solutions at Voya Financial.
- “Knowing the impact that additional automatic features could have on the retirement savings of individuals, we strongly support the introduction of the Auto Reenroll Act of 2023.
- Voya also agrees with providing greater opportunity to support the employees within these businesses so they can become better prepared for retirement.
- Offering support for small employers would not only help increase retirement savings for their workforce, but it would it also provide employees with greater access to workplace retirement plans overall.