Originally Posted by indiajust
... If they can mandate 401k participation... would they please make FICA voluntary?
To be clear though, this isn't "mandating" 401k participation because an employee can opt-out.
Given the pathetic amount of retirement savings that many of our generation have with a voluntary system for 401k contributions can you imagine what a mess we would be in if FICA was voluntary as you suggest? A very poor idea for sure.
The unfortunate reality is that most people don't understand delayed gratification, live from paycheck-to-paycheck and would have nothing saved for retirement if not for FICA... and this opt-out provision will help many save so we who do save don't have to bail them out.