In an interview, Teresa Ghilarducci, economist and author, talked about 401(k) plans. She said that 401(k) plans require that people accumulate enough and that they distribute those accumulations in a way that gives them a guaranteed stream of income throughout retirement. Guaranteed retirement accounts would mandate workers to contribute 5% of their pay into these accounts. The money would be put into an individual account managed by the government, which would manage it as a pooled account so that it could get institutional, wholesale fees and be managed professionally. It would make their employees more financially secure and thus make them more able to pay for premiums for things like retiree health care.