America’s Life Insurers Laud Upcoming Retirement Rountable in Boston Hosted by House Ways and Means Committee Chairman Richard Neal

WASHINGTON, March 20 -- The American Council of Life Insurers issued the following news release:

The American Council of Life Insurers (ACLI) strongly supports the plan of Rep. Richard Neal, (D-Mass.), chairman of the House Ways & Means Committee, to lead a retirement roundtable on March 21 in Boston at the Massachusetts State House.

"Chairman Neal will be gathering representatives of the life insurance industry and other thought leaders to offer solutions that address the retirement security concerns of millions of Americans," said ACLI President & CEO Susan Neely.

Among the participants will be Robert L. Reynolds, President & CEO - Putnam Investments; Chair, Great-West Lifeco U.S. LLC.; and Andrew G. Arnott, President & CEO of John Hancock Investments; Head of Wealth and Asset Management, U.S. & Europe.

America's life insurers announced last week a major policy position to boost Americans' retirement security. As noted in a March 18 op-ed by Neely published by The Hill, ACLI has endorsed a Chairman Neal retirement security proposal to require most employers without plans to provide workers with access to a payroll deduction for savings through an IRA, 401(k), or other qualified retirement savings plan.

"The proposal represents a national solution that would provide 30 million more American workers with access to retirement plans," Neely said. "Chairman Neal is raising awareness about America's retirement crisis and offering bold approaches to help avert it. We applaud his leadership and look forward to working with him and other members of Congress in support of policies that ensure all Americans have the tools they need to reach their retirement security goals."

For further information about the roundtable, contact Margaret L. Boyle, margaret.boyle@mail.house.gov, (413) 284-7511. Called the "Roundtable to Address Retirement Security for Americans," it will take place in Senate Room 428 of the Massachusetts State House beginning at 10 a.m.