WASHINGTON – In advance of President-elect Obama taking office, the Pension Rights Center has created a Consumer Agenda for Retirement Security, a list of recommendations for improving current retirement programs. The Agenda, which has been submitted to the Obama transition team, includes 40 distinct legislative and regulatory actions. These actions affect both the traditional pension system and 401(k)-type plans, private employer plans and public plans.
“This Agenda should be seen as a roadmap for retirement policy for the next four years,” said Karen Ferguson, director of the Pension Rights Center. “These recommendations not only fix problems in current programs, but also lay the groundwork for a new, more equitable, universal, secure, and adequate system for the future. Given the retirement landscape today – with companies dropping their traditional pension plans and 401(k) account balances falling, what better time for a new president and a new Congress to take on comprehensive reform?”
The Agenda is organized into five broad initiatives, each of which is comprised of specific actions that can be taken:
“We look forward to working with the Obama administration and the 111th Congress to make these recommendations a reality,” said Ferguson.
To see the Consumer Agenda for Retirement Security in its entirety, visit www.pensionrights.org/policy/agenda.html.