Orrin Hatch: “I ask unanimous consent to have printed in the Record the following seven letters expressing support for S. 1270, the…”

“I ask unanimous consent to have printed in the Record the following seven letters expressing support for S. 1270, the Secure Annuities for Employee (SAFE) Retirement Act of 2013: Fidelity Investments, National Benefit Services, LLC, National Rural Electric Cooperative Association, Principal Life Insurance Company, Small Business Council of America, Transamerica Retirement Solutions, and the U.S. Chamber of Commerce. There being no objection, the material was ordered to be printed in the Record, as follows: Fidelity Investments, July 11, 2013. Hon. Orrin Hatch, Hart Senate Office Building, Washington, DC. Dear Senator Hatch: On behalf of Fidelity Investments, I would like to thank you for advancing the discussion on retirement security. The private employer pension system has been a great success; however, we share your concerns that more needs to be done to ensure that millions of Americans are ready for retirement. The SAFE Retirement Act of 2013 includes several provisions that will improve retirement security. For example, the bill would enhance the use of automatic enrollment--a tool that has proven to increase participation in workplace savings plans. We recordkeep over 20,000 corporate defined contribution plans, representing over 12 million participants. Our data and analysis reveal that participation rates in plans with automatic enrollment is on average 90%.…”