Automatic retirement plans spread as states, cities push workers to build nest eggs

By: Kevin Hardy

Outlets: Stateline

Published: May 21, 2026

Words: 1,408

Last Updated: 3 weeks, 5 days ago

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Philadelphia is poised to launch the nation’s first city-sponsored retirement plan for workers whose employers don’t offer them.

Voters on Tuesday sanctioned the city council’s PhillySaves program by adopting a change to the city charter. The move will require employers without retirement benefits to enroll their workers in the new plan. Unless workers opt out, they will have a small portion of their paycheck diverted into an individual retirement plan, or IRA.

“This is a …

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