DOL to Launch Surveys to Gauge Americans' Retirement Planning

The Department of Labor (DOL) has filed an information request with the Office of Management and Budget (OMB) titled "On the Road to Retirement Surveys" to "gather data about how people make planning and financial decisions before and during retirement, especially with regard to the information that they receive and how they respond to it.” The request states that the department's Employee Benefits Security Administration (EBSA) "seeks to undertake a long-term research study that will track U.S. households over several years in order to collect data and answer important research questions on how retirement planning strategies and decisions evolve over time.” The information collection request seeks approval for “pre-test surveys, a screening survey, an initial participant survey, an advice interaction survey, and an annual participant survey.”