Calling it an “important first step” on the long road to addressing this country’s retirement crisis, the U.S. Senate Finance Committee recently held a special hearing on needed reforms for Social Security, defined benefits and private retirement accounts.
The December hearing was called by the Subcommittee on Social Security, Pensions and Family Policy, which includes member Senator Patrick J. Toomey (R-PA) and Chairman Senator Sherrod Brown (D-OH). Featured speakers at the hearing included Robert G. Romasco, president of AARP, in Washington DC; Andrew G. Biggs, resident scholar at the American Enterprise Institute in Washington DC; Dean Baker, co-director for the Center for Economic and Policy Research in Washington DC; and John F. Sweeney, executive vice president at Fidelity Investments in Boston.
(Read my complete article at Think Advisor)
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