private sector workers

BILLS IN SENATE COULD HINDER SAVING FOR RETIREMENT

 

By Andrea Sears, Public News Service

Photo: More than half of private-sector workers have no access to a retirement savings plan through their workplace. (401(K)2012/Flickr)

March 1, 2017 (Washington D.C.) – The U.S. Senate is now considering bills that could overturn rules clarifying how states and cities can help millions of private-sector workers save for retirement.

More than half of American workers don't have access to a company pension plan at work. So, the Obama administration issued regulations clearing the way for states and large cities to create payroll deduction plans for those workers' retirement savings.


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