TITLE

Miller: 401(k) friend or foe?

AUTHOR(S)
BUTLER, KELLEY M.
PUB. DATE
January 2009
SOURCE
Employee Benefit News;Jan2009, Vol. 23 Issue 1, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article looks at a congressional hearing of the U.S. House Committee on Education and Labor held by Representative George Miller which focused on how to shore up retirement security amid the economic crisis. Professor Teresa Ghilarducci said the sooner they admit that their experiment with 401(k) accounts has failed, the sooner they can use subsidies efficiently. Her alternative is to establish guaranteed retirement accounts for workers. Miller said he does not support abolishing 401(k)s, moving the plans or changing their status.
ACCESSION #
36351678

 

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