SAVER Summit Attendees Urged to Address 'Often Overlooked' Issues.

Publication: PR Newswire

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Coalition Calls for Solutions that Help All Americans Save for Retirement - Not Just Those with Employer-Based Plans & Need for Tools to Both Save and Manage Retirement Income

WASHINGTON, Feb. 28 /PRNewswire/ -- On the eve of the final SAVER Summit several national organizations are calling on Secretary of Labor Elaine Chao and Summit delegates to address the need for retirement savings programs accessible to all Americans and the need for mechanisms that not only encourage people to save more, but also provide a means of managing those savings so they last throughout retirement.

In a letter to Secretary Chao, members of Americans for Secure Retirement highlight these two issues as critical to any true public discussion about retirement security. Many of the organizations represent populations who face a higher degree of risk in retirement such as women, farmers and small business.

"People are often surprised to learn that 58 percent of the American workforce will depend solely on Social Security or their own personal savings to fund their retirement. The numbers are far more dire for farmers and other 'at risk' populations who are far less likely to have an employer-based retirement plan," said Larry...

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