A Quote by Sander Levin

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.

Sander Levin

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Compared Employer Funds Often Pension Private Provided Retirement Savings Security Social Social Security Stool Supported Three

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Sander Levin
American - Politician
Born: September 6, 1931

Financial security and independence are like a three-legged stool resting on savings, insurance and investments

Brian Tracy

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

John Doolittle

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?

Laurence D. Fink

In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.

Herman Cain

By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.

Mike Pence

The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.

Sherrod Brown

The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.

Arundhati Bhattacharya

People talk about Social Security. There is no parallel between Rhode Island's pension and Social Security.

Gina Raimondo

401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.

Elaine Chao

Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.

Jeff Bingaman

Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.

Tom Perez

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

Ron Lewis

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

Mike Pence

However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.

Ruben Hinojosa

The next generation is going to have to understand that Social Security is just one leg of a stool. We need to actually bring back that savings incentive, and the only way you're going to be able to do that is if you have a job.

Darryl Glenn

On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.

Ginny Brown-Waite

A Quote by Sander Levin

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