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
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
In their session at @DevOpsSummit at 21st Cloud Expo, Michael Berman, VP Engineering at TidalScale, and Ivo Jimenez, Engineer at TidalScale, will describe how automating tests in TidalScale is easy thanks to WaveRunner. They will show how they use WaveRunner, Jenkins, and Docker to have agile delivery of TidalScale. Michael Berman is VP Engineering at TidalScale. TidalScale is developing a scale up compute and resource architecture for customers to perform big data exploration and real time anal...
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, 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.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.