A New Approach to Increase Retirement Security Through Universal IRAs

Date:	February 14, 2006
Time:	10:00 a.m. - 11:00 a.m.
Speaker(s):	David C. John Senior Research Fellow, The Heritage Foundation J. Mark Iwry Senior Adviser, The Retirement Security Project, and Non-Resident Senior Fellow, The Brookings Institution David Certner Director, Federal Affairs, AARP Peter R. Orszag Director, The Retirement Security Project, and Senior Fellow, The Brookings Institution Alison Acosta Fraser Director, Roe Institute for Economic Policy Studies, The Heritage Foundation
Host(s):	The Heritage Foundation The Retirement Security Project and AARP
Details:
Location: The Heritage Foundation's Lehrman Auditorium With the looming retirement security crisis facing our country, policy-makers from both parties are focused on ways to strengthen pensions and increase savings. David John of The Heritage Foundation and J. Mark Iwry of The Retirement Security Project will propose a new plan for Universal IRAs that would provide a relatively simple, cost-effective way to increase retirement security for the estimated 71 million workers without plan coverage. While reforms currently being debated would improve employer-sponsored plans, this proposal – the Universal IRA – is a way that employees of smaller businesses can choose to save for retirement by allowing their employers regularly transfer an amount from their paycheck to an IRA. Related Reading The Retirement Security Project Pursuing Universal Retirement Security Through Automatic IRAs The Automatic 401(k): A Simple Way to Strengthen Retirement Savings