"Who can open a myRA? The accounts are targeted at the millions of low- and middle-income Americans who don't have access to employer-sponsored retirement plans. That includes roughly half of all workers and 75% of part-time workers.

The White House says it will "aggressively" encourage employers to offer the program, noting that they won't have to administer or contribute to the accounts. myRAs will initially be offered through a pilot program to workers whose employers sign on by the end of the year."

I believe that's the current situation with 401k's, since I'm paying the fees for mine. Why the hell would an employer not currently offering a 401k set up this MyRA program?

Ah, the secret gets revealed later in the article - "But unlike traditional Roth IRAs, the accounts will solely invest in government savings bonds. They will also be backed by the U.S. government, meaning that savers can never lose their principal investment."

So, this is really only a scheme to sell more bonds. Good luck when those bonds are worthless.

They are officers in the Army (and as reported, WP grads, which just reinforces that the Corps has), so had to be careful about how they react to the chain of command.