Comfortably escaping the grind of daily toil should be a pleasure, but for many Americans it isn't even a possibility. Without a pension -- which some 42 million U.S. workers lack -- or adequate savings, retirement could rest on Social Security. Last week Labor Secretary Lynn Martin announced a plan -- dubbed Power, for Pension Opportunities for Workers' Expanded Retirement -- to help the pensionless.
Most of America's new jobs over the past several years have been in small businesses, more than half of which do not offer retirement benefits. Martin's proposal would eliminate much of the paperwork for companies with...
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