Ron Wyden

The system doesn't do nearly enough to help working people of modest means get ahead, but individuals at the top are able to game the rules to abuse taxpayer-subsidized accounts with their pricey accountants and lawyers.

It's clear to me that this is another case of double-standard economics.

I want to thank Chairman Wyden and Ranking Member Crapo for holding this hearing and considering how Congress, building on its long history of bipartisanship on retirement policy, can help improve retirement security for older Americans.

This committee ought to make it easier for people to move their retirement accounts and continue saving when they change jobs.

I encourage the Senate Finance Committee, and, ultimately, Congress, to implement into law the Automatic IRA Act and the Encouraging Americans to Save Act.

It's long past time to crack down on mega-IRAs, which the GAO documented as a problem years and years ago.

I also support expansion to part-time workers, because part-time workers are low-wage workers.

The ARA strongly supports Chairman Wyden's Retirement Parity for Student Loans Act (S. 1443, 117th Congress)...

This approach leverages existing private sector solutions in the marketplace instead of causing a massive disruption by replacing the entire existing retirement plan system with a government run program.

AARP thanks Chairman Wyden and Ranking Member Crapo for holding a hearing to consider needed improvements.

I am proud of the great work the PBGC has done in a short period of time to get these regulations written.

I also want to mention Senator Wyden's initiative in regard to student loan payment.

The ARA enthusiastically supports Chairman Wyden's legislation, the Encouraging Americans to Save Act (S. 2452, 117th Congress).

We commend Chairman Wyden and the many committee members who focused their attention on this issue.

AARP would like to thank Chairman Wyden and Senator Cassidy for recently introducing the Know Your Social Security Act.

The abusive use of tax incentives meant to help middle-class savers creates an economic double standard

The issue for a lot of lower-wage workers is, can they afford to put money into retirement?

The success of OregonSaves will have long-term positive implications for savers and for Oregon.

We are also especially supportive of your efforts to incentivize savings.

I want economic policy that gives everybody in America the chance to get ahead, not one that promotes... retirement haves and have-nots.

I introduced the Encouraging Americans to Save Act, to get more help to the working folks who need it so badly.

According to the National Institute on Retirement Security, as of 2018 more than 100 million working-age Americans had no pension and no retirement assets.

A recent survey of the impact of the pandemic conducted by AARP found that, among those fortunate enough to have retirement accounts, nearly a quarter had to dip into their savings or quit contributing altogether just to pay the bills.

ERIC supports treating student loan payments as elected deferrals for the purpose of employer matching contributions.

This is about good policy, helping people, and giving everybody in America the chance to get ahead.