TODAY: Committee Hearing to Explore Effect of Financial Crisis on Retirement Savings

By Betsy Miller Kittredge on 10-07-2008, 10:37 AM in

The Committee today will hold a hearing to examine how the current financial crisis is impacting pension funds and workers’ directed retirement accounts, such as 401(k) plans. According to a recent poll by the Associated Press, more than half of all Americans are worried that the ongoing financial crisis will force them to postpone retirement.

"The Impact of the Financial Crisis on Workers' Retirement Security"
Scheduled at 1:00 p.m. on Tuesday, October 7, 2008, in room 2175 Rayburn H.O.B.

Witnesses:

Jerry Bramlett
CEO
BenefitStreet, Inc.

Dr. Teresa Ghilarducci
Professor of Economic Policy Analysis
The New School for Social Research

Dr. Peter Orszag
Director
Congressional Budget Office

Jack VanDerhei
Research Director
Employee Benefit Research Institute

Dr. Christian Weller
Associate Professor of Public Policy, University of Massachusetts-Boston
Senior Fellow, Center for American Progress

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