Senators Hatch, Wyden Bill Would Boost Workers’ Retirement Security
The Retirement Enhancement and Savings Act, S. 2526, introduced today by
"American workers need greater access to employer-sponsored 401(k) plans that will help them save for retirement. They need information about their savings and access to lifetime income solutions, like annuities, that will turn their savings into a 'personal pension.' RESA, the Retirement Enhancement and Savings Act, addresses these and other needs," ACLI President & CEO
The bill originally passed the
"While many Americans have greatly benefitted from our private-sector retirement system, there is always room for improvement. These improvements to the system wisely address the emerging needs of workers and plan sponsors,"
"With 10,000 baby boomers reaching age 65 daily and many of them needing assistance in boosting their retirement security, the need for
A summary of the bill's key provisions is available on www.acli.com.
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