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Senate Hearing Addresses Proposals to Alter Retirement System
planadviser Link to more items from this source
Sept. 23, 2014
"A recent U.S. Senate Finance Committee hearing covered numerous retirement-related topics, including proposals to streamline plan-testing requirements and others that could radically change defined contribution (DC) plans. Those testifying at [the September 16] hearing ... defended many aspects of the current voluntary retirement system, acknowledged some improvements are needed, and cautioned lawmakers against heeding impassioned rhetoric aimed at tearing the DC system down."

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