Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Michelle Obama unveils Blueprint for America's Working Women and Families, 28 July 2008
You can read Barack Obama's agenda for helping women and families balance work and life in his Blueprint for America's Working Women and Families
Under his plan, employers who do not currently offer a retirement plan, will be required to enroll their employees in a direct-deposit IRA account that is compatible to existing direct-deposit payroll systems. Employees may opt-out by signing a written waiver. Experts estimate that this program will increase the ["]savings["] participation rate for low and middle-income workers from its current 15 percent level to around 80 percent. [5/9]
and later today, I'm told, there will be video of the announcement, which occurred in Chicago just about 20 minutes ago.
It's baaaack like a bad penny
Because everyone wants to "save" uninsured corporate securities! Of course, they do. Who doesn't want to be an unsecured creditor?! At a time like this when the indices have no where to go but UP!
Coons and Klobuchar pitch retirement savings mandate plan
The Saving for the Future Act will help close the wealth gap [!], prepare families in case of an emergency, and set workers up for a successful retirement," Klobuchar said in a statement ahead of a call with reporters about the proposal.
It would require employers with 10 or more workers to contribute at least 50 cents [!] for each hour worked [!] to a retirement savings vehicle of some sort. That could include employer-based contributions to existing 401(k) plans. The smallest employers would be exempt, but they could still take part and benefit from tax credits.
According to a fact sheet, the UP-Savings account would automatically get the first $2,500 in contributions, to set up a floor for an emergency fund, with funds above that level going into a retirement portion that would be built off the model of the TSP.

Diversity is the key to economic and political evolution.
by Cat on Sun Apr 7th, 2019 at 11:32:43 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series