Figure 10: State initiatives, 2018 Source: Georgetown University Center for Retirement Initiatives, “State Initiatives 2018: New Programs Begin Implementation While Others Consider Action” (https://cri.georgetown.edu/states/) Figure 11: Challenges to retirement system reform in the United States Source: Authors A. Access B. Participation C. Adequate D. Efficient Asset Savings Decumulation In the US, There is a lack of Problems exist with clarity on the ability of Only one-third of regard to fund leakage employers are not states to require auto- Americans have during the currently required to enrolment and to saved enough for accumulation phase offer make employer retirement.21 and how to optimally a retirement participation use funds during savings plan. mandatory. Improved low-cost retirement. and simple tools are Opportunities to needed to ensure a provide incentives to secure retirement employers and income. employees are scarce. E. Implementation There are issues regarding how to move accounts between employers and how to ensure that the different types of accounts can be combined safely and easily. How We Can Save (for) Our Future 19