Lawmakers in Congress have offered all kinds of retirement overhaul proposals lately but the only one to have earned an A from the Urban Institute is Utah Republican Sen. Orin Hatch's SAFE Act. 

Hatch's Secure Annuities for Employee Retirement Act actually received an "A" in all seven areas graded by the Washington D.C.-based nonpartisan think-tank.

The grading system considers not only a pension's funding ratio, but how it performs relative to providing fair distributions across a plan's demographics, whether it provides adequately enough for retirement, and whether it helps the plan's sponsor attract the best workers.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.