Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
American Benefits Council Statement to the U.S. Senate Finance Committee Working Group on Savings and Investment (PDF)
American Benefits Council Apr. 16, 2015 37 pages. "Our nation's employer-based retirement savings system is particularly vulnerable to disruption, because some of the commonly used measures of employer plan coverage are misleading and the true value of the current tax incentives for retirement savings is not widely understood, which can lead to proposals that result in more harm than good.... This statement illustrates how the vast majority of American workers are well served by the system of tax incentives that makes these plans possible. We will: [1] Describe the critical role that employers play in providing their employees with a secure vehicle for retirement savings. [2] Demonstrate the true value of tax-deferred retirement savings on personal financial security, broader economic growth and future tax revenues. Explain how retirement plan coverage and tax policy are intricately intertwined. [3] Provide targeted policy recommendations that would improve outcomes without compromising the successes of our current system. [4] Offer additional analyses regarding the way in which the tax incentives for savings in employer-sponsored retirement plans are measured and evaluated and offer some insights into how best to interpret retirement plan coverage statistics." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |