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Testimony of ASPPA at Hearing on Tax Reform and Tax-Favored Retirement Accounts (PDF)
American Society of Pension Professionals & Actuaries [ASPPA]
[Opinion] Apr. 17, 2012
At hearing held by U.S. House Committee on Ways and Means on April 17, 2012. "The goals of simplification, efficiency, and increasing retirement and financial security for American families are goals [ASPPA shares] with the Committee. The primary message [ASPPA wants] to convey today is that the current tax incentives are working very efficiently to promote retirement security for millions of working Americans. The most important factor in determining whether or not taxpayers across the income spectrum save for retirement is whether or not there is a workplace retirement plan. If increasing retirement and financial security is the goal, increasing the availability of workplace savings is the way to get there, and modifications to the current incentives should be evaluated based on whether or not the changes will encourage more businesses to sponsor retirement plans for their employees."
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