Strengthing the Retirement System Beyond Social Security

By: Kala E Upshaw

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Hardcover | 19 August 2010

At a Glance

Hardcover
154 Pages

Dimensions(cm)
26.1 x 18.4 x 1.5

Hardcover

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This book discusses the retirement system in the U.S. beyond Social Security. The Education and Labor Committee is exploring the shortcomings in our nation''s retirement system and looking at solutions so that Americans can enjoy a safe and secure retirement. The current economic crisis has exposed deep flaws in our nation''s retirement system. These flaws were mostly hidden when the market was doing well. Since the beginning of the crisis, trillions of dollars have evaporated from workers'' 401(k) accounts. Millions of workers have seen a significant portion of their retirement balance vanish in just a few short months. The decline has forced many workers to consider postponing retirement or rejoining the workforce if they have already retired. For many retirees coping with rising costs for health care and other basic expenses, this loss in income is simply devastating. While fully restoring the lost wealth of the baby boom cohorts may not prove feasible, Congress can take effective steps to create a better retirement system for future generations. This can done at no cost to taxpayers, simply by having the government assume market risk by averaging returns over time. There are no economic or administrative obstacles to going this route, it is simply a question of political will. In any case, the message is that we need more organised retirement savings. A declining Social Security system and fragile 401(k) plans will not be enough for future retirees.

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You Can Find This Book In

Non-Fiction Social Services & Welfare Social Welfare & Social Services Self-Help, Personal Development & Practical Advice Personal Finance Retirement Business & Management Management & Management Techniques Management of Specific Areas Personnel & Human Resources Management Accounting & Finance Finance

Superannuation & Pensions Investment & Securities

Preface
Fee Disclosure in Defined Contribution Retirement Plans: Background and Current Legislation
Private Pensions: Fulfilling Fiduciary Obligations Can Present Challenges for 401(k) Plan Sponsors
Retirement Security Hearing-Orszag Testimony
Strengthening Worker Retirement Security Hearing- American Benefits Council White Paper
Strengthening Worker Retirement Security Hearing- Baker Testimony
Strengthening Worker Retirement Security Hearing- Hutcheson Testimony
Strengthening Worker Retirement Security Hearing- John Bogle
Strengthening Worker Retirement Security Hearing- Miller Statement
Strengthening Worker Retirement Security Hearing- Munnell Testimony
Strengthening Worker Retirement Security Hearing- PSCA Statement
Strengthening Worker Retirement Security Hearing- Stevens Testimony
Index
Table of Contents provided by Publisher. All Rights Reserved.

Strengthing the Retirement System Beyond Social Security

At a Glance

Hardcover

Shipping

How to return your order

Defective items

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