07/20/2015
https://www.congress.gov...
"The concern is, how do we actually incentivize that when the most recent survey from a couple of years ago said that 4 in 10 Americans could not even come up with $400 if they had to at the last minut..."
"As I mentioned, ERIC member companies are in the forefront of benefit and plan design."
"We do not want this to be a bank account. We want it to be a retirement savings account."
"These rules essentially penalize Americans for routine job changes in a modern economy."