Hatch to Hold Finance Hearing on Expanding Retirement Savings Plans in the Workplace

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) will convene a hearing on Thursday, January 28, to examine ways to empower job creators to offer and increase access to savings plans for their employees. The hearing, titled “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans,” will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building.

“Job creators that offer retirement plans attract and retain qualified employees while helping them secure their financial future for well after the last day on the job,” Hatch said. “Employer-sponsored plans are an important source of retirement savings for American workers. As such, we should be doing all we can to empower job creators to offer and improve access to retirement savings plans for their workers. With this hearing, I look forward to examining how we can help expand workplace savings plans, and make it easier for employers, particularly small businesses, to offer them in the first place.”

In an effort to spur broader tax reform efforts forward, the Finance Committee has held hearings, established working groups, sought public input, and produced a bipartisan report on expanding incentives for savings and investment in the tax code.

The following witnesses are scheduled to testify:

· Dr. Alicia Munnell, Peter F. Drucker, Professor of Management Sciences, Boston College Carroll School of Management, Director, Center for Retirement Research at Boston College, Chestnut Hill, MA

· Mr. John J. Kalamarides, Head of Institutional Investment Solutions, Prudential Financial, Hartford, CT

· Mr. Thomas A. Barthold, Chief of Staff, Joint Committee on Taxation, Washington, DC

Who:

Senate Finance Committee

What:

Hearing on Expanding Retirement Savings Plans in the Workplace

Where:

215 Dirksen Senate Office Building
Washington, D.C. 20510

When:

Thursday, January 28, 2016
10:00 a.m.

For media inquiries and additional information, including webcast and testimony details, please visit: http://finance.senate.gov/hearings.

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