2010 Senator John Kerry- D had public hearings at the Treasury and US Labor Department..

Proposal For Fiscal Year 2013..

An "Automatic IRA" in which employers are directed to allocate an amount that equals 3% of a participating employee's salary into a social security-type retirement plan that invests in US treasuries and in which the federal government guarantees a 3% return.

[link to www.examiner.com]