A Quote by Tom Perez

Workers are most likely to save for retirement if they have access to a workplace savings plan and are automatically enrolled in that plan.

Tom Perez

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Access Automatically Enrolled Likely Most Plan Retirement Save Savings Workers Workplace

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Tom Perez
American - Politician
Born: October 7, 1961

When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out.

Richard Thaler

Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid.

Jean Chatzky

At the heart of Erisa is the requirement that plan fiduciaries act with an 'eye single' to funding the retirements of plan participants and beneficiaries. This means investment decisions must be based solely on whether they enhance retirement savings, regardless of the fiduciary's personal preferences.

Eugene Scalia

In Western Europe, most countries have variations of the lifetime pension system for most workers so they are keeping the system that we are walking away from. By comparison, 50% of the American workforce is not offered any retirement plan by their employers. And of those who are offered a plan, roughly 25% do not choose to join. In other words, everything is voluntary, and that's one of the reasons our results are so perilous for most people.

Hedrick Smith

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

I favor every worker having access to a retirement savings account, and there are various options for doing this. I do support states implementing their own plans, and I expect them to play an important role in increasing retirement savings for young professionals especially.

Joe Sestak

The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.

Virgil Goode

The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.

David F. Swensen

While Donald Trump said, well, our plan won't be exactly like the House Republican plan, the closer it is to that plan, the less likely it is to increase the deficit.

Avik Roy

Here in Indiana, we run a nationally-recognized program called the Healthy Indiana Plan. The Healthy Indiana Plan offers the uninsured an affordable health care plan with savings accounts that they control.

Mike Pence

Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too much risk, because the company is both your employer and the source of your retirement income. So if something goes wrong, you lose both your job and your retirement plan.

John C. Bogle

I like the concept of the penny plan - not for the military because the military we have to build up. But we can save probably in many case more than a penny if you look at it. I mean, the penny plan is a pretty good plan, and it's a pretty simple plan.

Donald Trump

When I was growing up, you were supposed to marry and therefore didn't plan ahead. Planning ahead is one of the few reliable measures of class in the sense that rich people plan for generations forward and poor people plan for Saturday night, and by that measure, women have been lower class. We were less likely to plan ahead because we're more likely to think that who we marry and our children are going to dictate our plans.

Gloria Steinem

Have a plan. Follow the plan, and you'll be surprised how successful you can be. Most people don't have a plan. That's why it's easy to beat most folks.

Bear Bryant

Plan your hours to be productive...Plan your weeks to be educational...Plan your years to be purposeful. Plan your life to be an experience of growth. Plan to change. Plan to grow.

Iyanla Vanzant

We are to make a plan for the day, pray over that plan, and then proceed with that plan. When we are willing to regard the unexpected as God's intervention, we can flex with the new plan, recognizing it as God's plan.

Elizabeth George

A Quote by Tom Perez

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