Sean Patrick Maloney: “I strongly endorse the Portman-Cardin legislation, in part because I believe it helps bring retirement savings programs…”

“I strongly endorse the Portman-Cardin legislation, in part because I believe it helps bring retirement savings programs up to speed with the new economy. While much of our manufacturing sector has struggled over the last decade, the U.S. has created millions of good-paying new technology jobs, many in my district. This change in our workforce and the transformation of the American workplace has had a major impact on government, on financial services, and on savings. One of the major changes in worker attitudes is that technology workers expect to change jobs several times over their careers. Given the constant change in the technology sector, workers demand pension portability and retirement plans that will travel with them from job to job. By passing this legislation, we are taking a critical step in allowing an important government saving stimulus to catch up with the reality of today's employment market.”