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June 7, 2009
By Mark Bruno
Investment News

Administration explores 'R bond' as option for retirement accounts Automatic IRAs could rely on government bonds as default investments for employees Officials in the Obama administration are moving quickly to develop the investment infrastructure behind the president proposal for mandatory automatic enrollment in individual retirement accounts, which could be supported by the creation of Treasury-issued retirement bonds.

J. Mark Iwry, deputy assistant secretary for retirement and health policy at the Department of the Treasury, said that administration officials are exploring some conservative options for investing the assets of 78 million Americans that he estimates could be automatically enrolled in this universal workplace retirement system.

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