Senators have reintroduced the Federal Retirement Commission Act, calling for the creation of such an entity to improve how our nation promotes and supports retirement savings programs.
The Commission would be responsible for:
- Conducting a comprehensive review of private benefit programs
- Investigating individual and household account balances and investment trends
- Assessing societal trends such as wage and economic growth, health care cost and life expectancy
- Recommending improvements for private retirement programs to Congress
www.planadviser.com; May 28, 2019.