A provision in the new pension bill provides 'safe harbor' protecting companies from lawsuits if they default employees into investments that subsequently lose value, removing the legal disincentive that had previously made firms afraid to offer strong default options.

causalpending

Speaker

Richard Thaler

Evidence Quote

by giving safe harbor so that they don't get sued by somebody if they default them into something that goes down

Source

Richard Thaler on Libertarian Paternalism 11/6/2006EconTalk
Created: 6/13/2026, 7:01:05 PM

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