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Message: From GoLocalWorcester by Dan Forbes, GoLocalWorcester MINDSETTER™: It’s nice to have another country act as the test case for ideas with national implications. The myRA savings account shares similarities with another government sponsored retirement plan. The United Kingdom has the NEST (National Employment Savings Trust), meant to be offered by companies without a better option. It was introduced in 2008 in response to the decline of traditional pensions and should be fully operational by 2018. Workers put away 4 percent of their paycheck, the company matches 3 percent, and the government will add 1 percent. Unlike myRA, which invests in government bonds, the NEST allows for a more diversified investment selection. http://www.golocalworcester.com/business/friday-financial-five-march-7th-2014
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