. Commitment Devices: Making Retirement Saving Irresistible
One of the very powerful tools is commitment devices - mechanisms to ensure that people remain committed to a long-term objective, for it creates consequences for those who may drift away from the objective. Automatic enrollment in a company's pension plan is the kind of commitment device that could force an employee to start saving part of his salary for retirement purposes, often automatically and with minimal further steps required.
. Commitment Devices: Making Retirement Saving Irresistible
One of the very powerful tools is commitment devices - mechanisms to ensure that people remain committed to a long-term objective, for it creates consequences for those who may drift away from the objective. Automatic enrollment in a company's pension plan is the kind of commitment device that could force an employee to start saving part of his salary for retirement purposes, often automatically and with minimal further steps required.

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