Speaking at the National Institute on Retirement Security in Washington Tuesday, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of America’s retirement savings systems, public and private.
Reynolds called for a bipartisan commission to make Social Security solvent and for Congress to extend workplace savings coverage to all American workers. Seventy-eight million Americans, roughly half the nation’s workforce, have no workplace savings plan available to them, he said. In addition, Reynolds supports more automatic features as well as lifetime income options, be they annuities or another variant, along with guidance.
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