While a 50-50 “balance” between increasing revenue and changingSocial Security benefits may lie inthe future, if a policy group’s findings has its way, the membersagree that one factor that must be improved to boost retirementsecurity in the United States is to increase workers’ access toretirement plans.
A report by the Washington-based Bipartisan Policy Center’s Commission on RetirementSecurity and Personal Savings has come up with 16 proposals todo just that, since — in the words of the report— “[w]orkers havefound themselves part of a great experiment” as employers haveshifted from defined benefit plans to defined contribution plans.This has pushed workers into having to bear “far more …responsibility for financing their own retirement, andsimultaneously exposed them to greater risk.”
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