United States Senators return to Washington this week to a full plate: government funding, hurricane aftermath, trade policy – the list of work goes on. One item, the Setting Every Community Up for Retirement Enhancement (SECURE) Act, is “low hanging fruit” that can pass in September and help to build momentum for the rest of the year. This legislation is perfectly suited to the Senate’s tradition of deliberate response to the complex demands of a diverse society. By acting quickly, the Senate can “SECURE it” for Americans in many ways. The bill would: Expand access to retirement plans for millions of Americans. … Continue reading "SECURE It: Welcome back, U.S. Senate. The SECURE Act Remains a Prime Opportunity."
America’s life insurers serve 90 million American families, helping them build a financial safety net that protects them through all stages of life. Helping people take care of the things that matter most is our most critical mission. But you wouldn’t know that from the Washington Examiner’s editorial this week about The Business Roundtable’s (BRT) new mission statement. The BRT recently called on corporate leaders to consider all stakeholders including society at large when making decisions. Several members of the American Council of Life Insurers (ACLI) signed on to the BRT’s statement. In its editorial, the Examiner insinuated that our industry’s lobbying … Continue reading "Washington Examiner Editorial Distracts From How Life Insurers Meet Critical Consumer Needs"
As appeared on TheHill.com on July 30, 2019. The way Americans work and live is changing, but policy around how we save for retirement will not keep pace if the U.S. Senate isn’t able to act on legislation that passed the House in May. The bipartisan bill — aptly named the Secure Act — expands access to retirement plans for millions of workers. It also allows older workers and retirees to contribute more to their IRAs, increases 401(k) coverage to part-time employees, and helps new parents, including adoptive parents, better manage expenses. That’s not all. The Secure Act corrects recent … Continue reading "If Senate fails on Secure Act, workers lose"
As appeared in Morning Consult, February 13, 2019 A few months ago, I said that retirement security will be a policy issue everyone is talking about over the next decade. Last week, influential leaders in Congress laid proof to that claim, kicking off the new year noting retirement security as a bipartisan priority issue. The House Ways and Means Committee, led by Chairman Richard Neal (D-Mass.) and Ranking Member Kevin Brady (R-Texas), held a hearing on improving retirement security for America’s workers. The same day, the Senate Special Committee on Aging, led by Sen. Susan Collins (R-Maine), held a hearing on innovations and best practices … Continue reading "Congress Makes It Clear: Retirement Security Is a Priority Issue"
Retirement security will be a policy issue everyone is talking about over the next decade. Not only is the world’s population growing, but people are living longer too, thanks to advances in medicine and science. This is especially true for our children — the millennials and Generation Z — who are very likely to live to be 100 or more. This is great news for those who are prepared financially, but of deep concern to those who are not. In this dichotomy lies the challenge for policymakers and thought leaders who are already grappling with solutions to ensure all Americans can … Continue reading "Why Financial and Retirement Security Will Be the Policy Issue of the Next Decade"