The Center for American Progress says it has come up a better way to help Americans prepare for retirement, a savings vehicle that combines the best features of traditional pensions and 401(k)s.

The center, a liberal think tank, said its hybrid plan, dubbed SAFE for Secure, Accessible, Flexible and Efficient, would address many of the problems often associated with the current retirement system.

SAFE would help lower costs, risk and free employers of any fiduciary responsibility, the center said.

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