Bi-Partisan Effort Identifies Ways to Increase Latino Retirement Savings

Bi-Partisan Effort Identifies Ways to Increase Latino Retirement Savings

Capitol Event and Conference Call Slated to Detail Findings


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–(HISPANIC PR WIRE – U.S. Newswire)—-

ADVISORY for Wednesday, July 13th

Policy-makers from both parties are focused on strengthening retirement security and are exploring ways to encourage more savings in 401(k)s and IRAs. A new report being released by The Retirement Security Project and the National Council of La Raza (NCLR) shows that Hispanics would particularly benefit from improvements to 401(k) plans such as automatic enrollment, from expansion of the Saver’s Credit, and from eliminating retirement plans from eligibility requirements for means-tested programs.

This new evidence is important because Latinos, who are far less likely than other workers to participate in an employment-based retirement plan or have any significant private savings earmarked for retirement, are the fastest growing segment of the American population at or near retirement.

WHO:

Rep. Mario Diaz-Balart (R-FL)

Rep. Xavier Becerra (D-CA)

David John, The Heritage Foundation

Eric Rodriguez, National Council of La Raza

Peter Orszag, The Retirement Security Project

WHAT:

Release of a new report from The Retirement Security Project and the National Council of La Raza examining ways to boost retirement savings within the Hispanic community.

WHEN:

Wednesday, July 13, 2005, 9:30 am

WHERE:

Rayburn House Office Building, Room 2105

FOR THOSE UNABLE TO ATTEND THE CAPITOL EVENT:

A conference call with the authors of the new study, Peter Orszag of The Retirement Security Project and Eric Rodriguez of the National Council of La Raza, will be held at 3:00 pm on Wednesday, July 13.

The dial in number is 1-800-853-3891. Passcode is RSP press.

To RSVP for either event:

Contact Korin Davis at 202-483-1370 or info@retirementsecurityproject.org

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CONTACT:

Bo Harmon; 202-483-1458

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Luisa Grillo-Chope; 202-776-1570

Bi-Partisan Effort Identifies Ways to Increase Latino Retirement Savings