Automatic Offers An Innovative New Way To Think About How Americans Can Save For Retirement.over The Past Quarter Century, America's Pension System Has Shifted Away From Defined Benefit Plans And Toward Defined Contribution Savings Programs Such As 401(k)s And Iras. There Is Much To Be Done To Improve The Defined Contribution System. Many Workers Fail To Participate And Those Who Do Often Contribute Too Little, Invest The Funds Poorly, And Are Not Adequately Prepared To Manage Funds While In Retirement.to Resolve These Problems, The Authors Propose That Employees Should Be Automatically Enrolled Into A 401(k) Plan When They Are Hired, With The Right To Opt Out, Change The Amount That They Contribute, Or Change Investment Choices If They Choose.