Welcome!

News Feed Item

Senators Hatch, Cardin, and Murphy to Join Aspen Institute Briefing on Savings Policy Reforms in 2014

Capitol Hill Briefing To Take Place Wednesday Afternoon

WASHINGTON, Jan. 15, 2014 /PRNewswire-USNewswire/ -- The Aspen Institute Initiative on Financial Security (Aspen IFS) will host a congressional briefing on Capitol Hill this afternoon on Looking Ahead: The Savings Policy Landscape for 2014. The briefing will bring together Senators Orrin Hatch (R-UT), Ben Cardin (D-MD) and Chris Murphy (D-CT), to discuss what policymakers' focus will be throughout the next year to advance savings policies that enable all Americans to attain a college education, start a business, buy a home, and earn a secure retirement. The briefing will take place Wednesday, January 15 from 12:00 – 1:30 p.m. in Room 485 in Senate Russell Building.

(Logo: http://photos.prnewswire.com/prnh/20130417/DC96489LOGO)

Following the senators' remarks, featured experts will offer their thoughts on what future savings policies should address. Speakers include

  • Andrea Levere, President, CFED
  • Christine Marcks, President, Prudential Retirement
  • Lisa Mensah, Executive Director, Aspen Institute Initiative on Financial Security
  • Debra Whitman, Executive Vice President, Policy, Strategy, & International Affairs, AARP

"If we are serious about getting our nation back on a sound fiscal footing, then we need to take action and confront the skyrocketing public pension debt that has plagued areas across the country," said Hatch, Ranking Member of the Senate Finance Committee, which has jurisdiction over public pension issues. "We need to enact smart policies to better incentivize savings that will help guarantee more Americans have financial security in retirement and also work to prevent the public pension crisis from putting states and taxpayers at further risk. The time to act is now, which is why I've introduced legislation – the SAFE Retirement Act – to take on this challenge in a meaningful way."

"As we work on job creation, we must also work to ensure that today's economic woes and unemployment do not translate into long-term instability for American families," said Senator Cardin.  "That is why I am so glad that the Aspen Institute is bringing attention to the urgent issue of savings. It is becoming harder and harder to save, particularly for retirement. Congress has united before in order to strengthen retirement security in this country-we need to do it again."

"Saving is about so much more than dollars and cents – it's about ensuring the dignity and self-respect that come with having a stake in one's financial future. Few topics are more pressing than this," said Senator Chris Murphy (D-CT).

"The lack of personal savings in our country is a problem that needs attention now, or millions of hard-working families will pay a price tomorrow," said Debra B. Whitman, AARP's executive vice president for policy, strategy and international affairs. "The good news is that policy solutions can make a real difference."

"We've seen some progress in retirement readiness over the past several years as more plan sponsors adopt automated features and outcome-oriented investment options, and more individuals realize that they may easily live 20 to 30 years in retirement," said Christine Marcks, president of Prudential Retirement. "But there's much more that legislators, regulators, and the industry can do together to improve retirement security for all American workers."

"Promoting savings and investments is about increasing economic opportunity and mobility. While income helps families get by, savings and investments help them get ahead," said CFED president Andrea Levere. "Congress can and should work to ensure that all working families can build personal nest eggs for emergencies and retirement, pursue homeownership, higher education, and entrepreneurship, and invest in the talents and aspirations of their children."

"Savings policies that start early in life and bring current workers into the savings system have the power to strengthen household finances and the national economy," said Lisa Mensah, founder and director of the Aspen Institute Initiative on Financial Security. "Savings policies have bipartisan appeal and modest changes to current law can encourage millions of Americans to save and invest in their futures."  

For additional information about the Looking Ahead event and the work of the Aspen Institute Initiative on Financial Security, please contact Colby Farber at 202.736.2533 or at [email protected].

About Aspen IFS:
The Aspen Institute Initiative on Financial Security (Aspen IFS) is a leading policy program dedicated to helping bring about the policies and financial products that enable all Americans to save, invest, and own. For more information about Aspen IFS and its work, please visit www.aspenifs.org.

About the Aspen Institute
The Aspen Institute is an educational and policy studies organization based in Washington, DC. Its mission is to foster leadership based on enduring values and to provide a nonpartisan venue for dealing with critical issues. The Institute is based in Washington, DC; New York City; Aspen, Colorado; and on the Wye River on Maryland's Eastern Shore. For more information, visit www.aspeninstitute.org.

SOURCE The Aspen Institute

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...