Political Quotes

“the easiest way for workers to save the additional money they need for retirement is through work-based retirement plans. When workers have access to work-based plans, the vast majority of them choose to participate, but many Americans do not work for an employer that offers such a plan. According to AARP, 55 million private-sector workers ages 18 to 64 had no ability to save for retirement through an employer-sponsored plan in 2013. Of those workers, 2.2 million lived in Pennsylvania In response, numerous States and multiple cities have considered programs that would give residents better access to retirement savings accounts, and multiple States have already passed laws putting such programs in place: Our Republican colleagues are trying to nullify efforts by these States and cities, rolling back their efforts to give their citizens better access to retirement savings accounts. It is both surprising and disappointing to see this opposition mounted against a measure we should all be able to support--enhancing access to retirement savings. In undermining these programs, Republicans will be denying access to safe, low-cost retirement savings vehicles. A recent study looking at just the city of Philadelphia found that roughly half of Philadelphia workers between the ages of 25 and 64 did not have access to an employer-sponsored retirement plan at work.…”