Colorado Secure Savings Plan Board
Statewide survey, focus groups, secondary-data analysis, in-depth interviews, online bulletin boards, literature review
The Colorado Secure Savings Plan Board retained Corona to study approaches to increase retirement savings in the State and to inform future policy. We worked closely with the Board, a body headed by the State Treasurer and comprised of members appointed by Governor Polis, to assess Colorado residents’ financial attitudes and behaviors related to retirement. Our role was to explain variation in savings behavior and to identify interventions that could increase individual retirement savings. Our mixed-methods research culminated in a report submitted to the Governor and General Assembly recommending that Colorado adopt a state-facilitated auto-IRA program. This report then informed proposed legislation.