401(k) Plans Need Fixes, Advocates Tell Lawmakers (Update1) - Bloomberg.com: "U.S. lawmakers should reform retirement plans after 401(k) and Individual Retirement Accounts lost more than $2 trillion in value since October 2007, a group of consumer and labor groups said.
The new consumer-labor group, “Retirement USA,” backed by the Pension Rights Center, the Service Employees International Union and the Economic Policy Institute, said the flagging economy has highlighted the inadequacies of 401(k) plans and increased the need for alternatives such as government-managed funds run with professional oversight."
Monday, March 16, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment