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May 19, 2014 01:00 AM

Poll results: Should any level of government sponsor a retirement plan for the public?

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    P&I Online readers agree on one thing, they support a government-sponsored retirement plan for people without employer-sponsored plans. However, P&I Online readers do not agree on what level of government should manage such a plan.

    Almost 59% of P&I Online readers support a government-sponsored retirement plan, whereas 41% were squarely against any government-sponsored retirement plans.

    Of that 59%, the federal government would be the clear favorite if only one level of government were to sponsor a retirement plan. The federal government received 20.7% of the responses, with state government receiving 14.2% of the responses. The least favorite idea is local government sponsoring retirement plans receiving only 0.5% of the votes.

    The most popular yes response was "some combination" receiving 23.5% of responses.

    Sixteen states either are considering legislation or taking the first steps toward implementing retirement accounts for the private sector, according to a recent Pensions & Investments story.

    Even Republicans are warming to the idea of government-sponsored retirement accounts as Sen. Marco Rubio, R-Fla., recently put forth the idea of opening the Federal Thrift Savings Plan to people without employee-sponsored retirement plans.

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