Pensions and Retirement Security 2013: A Roadmap for Policy Makers

Source: Diane Oakley, Kelly Kenneally, National Institute on Retirement Security, February 2013

From the press release:
New public opinion research finds that Americans remain highly anxious about their retirement prospects (85 percent) and would participate in a new pension system to help rebuild the road to retirement (81 percent)…. The polling also conducted a deeper examination of measures Congress could introduce to make pensions more broadly available to Americans. The poll described a possible new type of privately run pension plan that would be available to all Americans; portable from job to job; allow for a regular check that lasts through retirement; and easy for employers to administer while offering professional money management. These characteristics are similar to a possible proposal by the U.S. Senate called Universal, Secure, and Adaptable (“USA”) Retirement Funds.

Three quarters of Americans agree that such a new pension system is a good idea, with Millennials highly supportive at 84 percent. Some 81 percent of Americans indicate they would participate in a plan with the described features if it were available, with Millennials supporting such a measure at 88 percent. The report key findings are as follows:…