Crapo: Every Worker Should Have the Opportunity to Save for a Secure Retirement

Washington, D.C.--At a Senate Finance Committee Hearing examining ways Congress can build on bipartisan retirement legislation, Ranking Member Mike Crapo (R-Idaho) highlighted key policy areas for Congress to consider as it evaluates proposals to improve the retirement system so every worker has the chance to save for a secure retirement.

Click HERE for video.

Key Excerpts: 

“As the economy continues to bounce back, we have a chance to build on the success of the Setting Every Community Up For Retirement Enhancement (SECURE) Act in a bipartisan way. 

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“The range of ideas put forth to improve the retirement system are all important, but my focus today is on three points that are the most pressing for Idahoans and Americans across the country. 

“First and foremost, Congress should enact policies that encourage workers to save so they can enjoy a secure retirement.  

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“Second, I frequently hear from small business owners in Idaho who tell me how expensive and cumbersome the rules are to offer their employees a retirement plan.  I am interested in hearing about what Congress can do to make it easier and cheaper for the smallest businesses to offer retirement plans for their employees.

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“Third, our economy is constantly evolving.  People are working longer, workers are changing jobs more often and the number of “gig workers” is on the rise.  Our retirement system must adapt with this changing landscape so every worker has a chance to save for a secure retirement. 

“There is no better time for the Finance Committee to consider further retirement legislation that will meet these needs.” 

Full text of Senator Crapo’s remarks can be found here. 

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