Benefits August 20, 2009

Education, Tax Credits and Encouragement…

August 20, 2009 (PLANSPONSOR.com) - That's what employers want Washington to do to promote Americans' retirement security, according to a recent report.
Reported by

The 10 th Annual Transamerica Retirement Survey asked employers what they thought should be the top priority for the President and Congress to improve Americans’ retirement security.

Their top three most frequently cited responses included:

  • 23% – Educating Americans early in life by implementing financial literacy curriculum in schools
  • 15% – Provide tax credits to workers who make contributions to an IRA or 401(k)
  • 12% – Encourage plans to offer to pay benefits in a form that guarantees retirees a set level of monthly income in retirement, regardless of how long they live

The employer survey was conducted by telephone within the United States by Harris Interactive on behalf of Transamerica Center for Retirement Studies® between January 5, 2009 and February 28, 2009 among 596 for-profit employers with 10 or more employees across all locations, including 296 small companies with 10 to 499 employees and 300 large companies with 500 or more employees.

More information about the Transamerica Center for Retirement Studies is at www.transamericacenter.org .

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