Rich Neal: “I also include in the Record a letter from the AARP supporting this legislation. AARP, March 28, 2022. Hon. Richard…”

“I also include in the Record a letter from the AARP supporting this legislation. AARP, March 28, 2022. Hon. Richard Neal, Chair, Committee on Ways and Means, Washington, DC. Hon. Robert Scott, Chair, House Committee on Education and Labor, Washington, DC. Hon. Kevin Brady, Ranking Member, Committee on Ways and Means, Washington, DC. Hon. Virginia Foxx, Ranking Member, House Committee on Education and Labor, Washington, DC. Dear Chairs Neal and Scott, Ranking Members Brady and Foxx: On behalf of our 38 million members and all older Americans nationwide, AARP appreciates your leadership to improve retirement savings opportunities via the Securing a Strong Retirement Act of 2022. While Social Security continues to be the bedrock of retirement income for most American workers and their families, individuals want and need additional retirement income sources. Your bipartisan legislation would make several significant enhancements to current law. AARP strongly supports the provision in this bill that would provide an annual paper statement of benefits to ensure families know where they stand when saving for retirement. As the U.S. increasingly relies on individual account-based retirement savings, workers and their families must timely understand, monitor, and manage their lifetime savings. Full and meaningful disclosure is critical to individual planning and pension law generally.…”