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July 23, 2008    DOL > EBSA > Focus On Retirement Security   

Focus On Retirement Security

Secretary of Labor speaking at 2002 Savers Summit in Washington, D.C.

"Whatever kind of retirement plan an employee may have - whether it be a 401(k) or a corporate or union pension plan, our goal is to protect all hard-working Americans, so they can look to their retirement with confidence and hope."
-- Secretary Elaine L. Chao

The private pension system is essential to the security of American workers, retirees and their families. While the current scrutiny is appropriate and welcome, we must strengthen the confidence of the American workforce that their retirement savings are secure. The challenge before us today is to strengthen the system in ways that enhance its ability to deliver the retirement income American workers depend on without unnecessarily limiting employers' willingness to establish and maintain plans for their workers or employees' freedom to direct their own savings. The President's Retirement Security Plan strikes just such a balance.

Workers, Participants, and Beneficiaries

Employers, Service Providers, Fiduciaries, and Plan Sponsors

2002 National Summit on Retirement Savings

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