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The private pension system is essential to the security of American workers, retirees and their families. While the current scrutiny is appropriate and welcome, we must strengthen the confidence of the American workforce that their retirement savings are secure. The
challenge before us today is to strengthen the system in ways that enhance its ability to deliver the retirement income American workers depend on without unnecessarily limiting employers' willingness to establish and maintain plans for their workers or employees' freedom to direct their own
savings. The President's Retirement Security Plan strikes just such a balance. |
