The Urban Institute and the Peter G. Peterson Foundation. IS IT TIME FOR THE U.S. TO ENGAGE IN REAL PENSION REFORM? Wednesday, September 10, 2008 8:45-10:30 a.m. ET Despite decades of significant tax subsidies for pensions and retirement accounts, most Americans retire with little or no pension saving. Washington will give out more than $750 billion in tax subsidies for pension plans between 2007 and 2011, and, yet, many low- to middle-income families lack the financial assets needed to afford retirement. The United Kingdom moved boldly this year to reform its private pension system by encouraging significantly greater accumulation of pension assets and protections in old age. A new Urban Institute paper (http://www.urban.org/url.cfm?ID=411676) details a "Super Simple" saving plan that would provide a basic, low-cost, easily administrable scheme that could boost the retirement assets of low- and middle-income individuals. "Super Simple"—the most substantive reform since the Employee Retirement Income Security Act of 1974—resembles the U.K. reform, but puts the changes, such as streamlining today's multiple 401(k)-type plans through a design attractive to employers and employees alike, within a U.S. context. Join the discussion as our panel of experts explores Panelists: To attend, RSVP at http://www.urban.org/events/other2/rsvp.cfm, e-mail paffairs@urban.org, or call (202) 261-5709. At the Urban Institute 2100 M Street N.W., 5th Floor, Washington, D.C. Light breakfast will be provided at 8:30 a.m. The forum begins promptly at 8:45 a.m.
Urban Institute
Monday, August 25, 2008
Upcoming event: Is it time for the U.S. to engage in real pension reform?
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