• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • High School Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / News / McCaskill wants to boost retirement savings

McCaskill wants to boost retirement savings

September 8, 2016 By Alisa Nelson

A study says a $7.7-trillion gap exists between what Americans have saved for retirement and how much they actually need. U.S. Senator Claire McCaskill (D-Missouri) says a Senate committee is considering ways to increase retirement savings.

Sen. Claire McCaskill (D-Missouri)

Sen. Claire McCaskill (D-Missouri)

“Unfortunately, too many Americans don’t realize that it (savings gap) is in fact a crisis,” says McCaskill.

The study, conducted by a Bipartisan Policy Center Commission (BPC), recommends increasing the retirement age to 69, modernizing the Social Security program, improving access to workplace retirement savings plans and enabling retirement rollovers so that employees do not cash out.

“One of the noteworthy goals of the BPC’s report is to provide a savings option for all workers. One recommendation focuses on a national minimum coverage standard. Another recommendation involves multiple employer plans,” says McCaskill.

The study says half of private sector workers are not enrolled in a retirement plan.

The committee will examine the recommendations to determine if future legislation will be crafted.

Share this:

  • Facebook
  • Twitter

Filed Under: News, Politics / Govt

Subscribe to our daily newsletter


Tweets by Missourinet

Sports

Bieniemy’s window closing. “Yes I do want to be a head coach”

Seven head … [Read More...]

Kansas City T-Bones are now the Monarchs

The Kansas … [Read More...]

Mizzou hires ex-NFL coach as defensive coordinator

First … [Read More...]

Mahomes is close, Mizzou’s Morse returns to KC and more Chiefs playoff coverage (PODCAST)

Thanks for … [Read More...]

Steps Patrick Mahomes must take to return in time for AFC Championship game

Reigning … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC