Xavier Becerra: “I want to applaud their efforts to try to improve the retirement system we have which will allow pensions to be a more…”

“I want to applaud their efforts to try to improve the retirement system we have which will allow pensions to be a more fruitful vehicle for people in this country who work to have a chance to really live out their retirement in comfort. I believe that we have reached a new age, though. This is an age where chances are a teenager has secured a credit card before he or she has secured a driver's license. With that being said, it seems to me that we have to do everything we can to make it possible for all Americans to save and not just to save but to save for their retirement. It is time for us to make it possible for all workers in this country to engage in pension investments. Unfortunately, we are not there yet. While H.R. 10, I believe, does a tremendous job of improving those opportunities for workers who currently have access to pensions, I believe we have to go that extra mile now and talk about a lot of America's workers, principally low- and moderate-income working Americans who have not yet had the opportunity to invest in pensions. It is time for us to do that, because if we do not, we will pay the price once they retire.”