Bipartisan bills aim to revamp retirement saving via YahooFinance
Lawmakers in both the House and Senate are considering bipartisan bills aimed at making it easier for Americans to save for retirement.
In a statement, Neal said lawmakers are taking “bold” action to address the nation’s retirement crisis. Brady said the bill would create opportunity for workers, by helping them make their own decisions about their finances and retirement. “We see those things as promising, but probably not adequate to tackle the scale of the problem,” said Dan Doonan, executive director with the National Institute on Retirement Security.
The senators say RESA would improve multiple employer plans or MEPs, and make it easier for small employers to join together and sponsor a single retirement plan for their workers.
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