American Benefits Council Issues Statement on Tax Cuts and Jobs Act

WASHINGTON, Nov. 4 -- The American Benefits Council issued the following statement by President James A. Klein upon Republican leaders' release of the Tax Cuts and Jobs Act:

"Promoting savings, investment and economic growth is the goal of tax reform and retirement plans are how Americans save and invest.

"We are gratified today's proposal lets workers save for retirement in the way that best meets their financial security needs.

"We will work with Congress to ensure that retirement savings is protected as the tax reform process moves forward."

The Council recently updated its 401(k) Fast Facts, a collection of statistics on the reach and importance of defined contribution retirement plans.

This document was posted showing the date: Nov. 2, 2017.