The ERISA Industry Committee on Tuesday advised the Senate toproceed with extreme caution when making any changes to theemployer-sponsored retirement system.

ERIC, which submitted comments to the Senate Finance Committeeregarding retirement tax incentives, argues that the currentemployer-sponsored system needs to be maintained and should beenhanced, and that steps taken by the Senate Finance Committeeregarding the retirement system must be steps that promoteretirement savings.

Any changes that could intentionally or unintentionallyundermine Americans’ attempts or willingness to save for retirementare of great concern, according to ERIC.

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