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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Many Americans are not saving enough for retirement, and potential overreliance on federal programs—such as Social Security and Medicare—to ease income insecurity among aging populations is likely to strain government budgets. Half of retired Americans receive $1,366 or less in monthly Social Security retirement benefits, which means that real retirement security typically requires... Read More
The ease with which private sector workers can routinely put aside earnings for their retirement has made the workplace an effective place to accumulate money for the post-work years. Still, only about half (52 percent) of businesses with fewer than 100 employees offered retirement plans in 2012, leaving millions of American workers with no opportunity to save on the job. Boosting that... Read More
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
Tuesday, April 12, 2016
8:30-10:30 AM EDT
U.S. Capitol Visitor Center,
Room SVC 208-209