Increasing Retirement Savings
A discussion about state and federal proposals to boost access to private sector retirement plans
Workers in the United States accumulate the vast majority of their retirement savings through employer-based plans, but large gaps in coverage exist. A recent analysis by The Pew Charitable Trusts shows that more than 30 million private-sector workers report they do not have access to an employer-based retirement plan.
On April 12, 2016, Pew’s retirement savings project will host a discussion in the U.S. Capitol Visitor Center with experts on state and federal approaches to ensure that more Americans have the opportunity to save sufficient amounts for retirement.
Senator Ben Cardin (D-MD), a member of the Senate Finance Committee, will deliver opening remarks.
John Scott, director of Pew’s retirement savings project:
Increasing Retirement Savings: A discussion about state and federal proposals to boost access to private sector retirement plans
Debra Whitman, chief public policy officer, AARP:
Work and Save
James A. Klein, president, American Benefits Council:
Increasing Retirement Savings: State and Federal Proposals to Address Access to Private Sector Retirement Plans
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Findings from a national survey of small and midsize businesses suggest that many employers need to reach a point of stability—in terms of finances and number of workers—before offering retirement benefits. Read More
When crafting their approaches, it is useful for states to understand why some employers offer plans and others do not. In 2016, The Pew Charitable Trusts conducted a survey of owners, top executives, and human resource managers at more than 1,600 private sector, small and midsize businesses nationwide. One focus of the survey was to identify the obstacles to, and motivations for, offering... Read More
More than half of the states have considered or are implementing programs that enroll certain private sector workers in individual retirement accounts funded by automatic payroll deductions—known as auto-IRAs—to help them save for their later years. Read More
Tuesday, April 12, 2016
8:30-10:30 AM EDT
U.S. Capitol Visitor Center,
Room SVC 208-209