Event

Increasing Retirement Savings

A discussion about state and federal proposals to boost access to private sector retirement plans

About

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

Recent Work

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    Congress will soon decide whether to revoke federal guidance for states trying to help private sector workers save for retirement. In mid-February, the House of Representatives approved two resolutions invoking the Congressional Review Act (CRA) to block rules adopted in 2016 by the Department of Labor that clarify how states and some large cities can sponsor payroll deduction individual... Read More

  • ‘Secure Choice’ Retirement Savings Plans Could Affect Eligibility for Public Benefits

    More than half of the states are considering or have started to put in place individual retirement accounts that automatically take money from the paychecks of private sector workers to help them save for retirement. Under these state-sponsored “auto-IRAs,” or “Secure Choice” programs, employees without workplace retirement plans are automatically enrolled unless they opt... Read More

  • Retirement Plan Access and Participation Across Generations

    Americans do most of their saving for retirement at their jobs, though many private sector workers lack access to a workplace plan. In addition, many workers whose employers do offer these plans face obstacles to participation, such as more immediate financial needs, other savings priorities such as children’s education or a down payment for a house, or ineligibility. Thus, less than half... Read More

Event Details

Date:
Tuesday, April 12, 2016

Time:
8:30-10:30 AM EDT

Location:
U.S. Capitol Visitor Center,
Room SVC 208-209

Media Contact

Ken Willis

Officer, Communications

202-540-6933