Legislators Push for Retirement Overhaul as Their Own Retirements Loom

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Sen. Tom Harkin (D-Iowa) is among 48 lawmakers who have announced their retirements, but he said he isn't allowing that to slow down the progress of work to enact the USA Retirement Funds Act, a bill he introduced that helped ignite and shape a national conversation on retirement savings legislation.
“As Chairman of the Senate Pensions Committee, I am committed to moving the USA Retirement Funds Act forward this Congress, and hope that my colleagues will join me in addressing—in a real way—our country's growing retirement crisis,” Harkin told Bloomberg BNA in an April 14 statement. Harkin currently serves as chairman of the Senate Health, Education, Labor and Pensions Committee.
A Harkin aide said his staff is developing a strategy to see the enactment of USA Retirement Funds Act (S. 1979), which would provide Americans with a retirement savings vehicle and a lifetime annuity (28 DTR G-4, 2/11/14). The bill is currently being considered by the Senate HELP Committee. The Senate aide was unable to provide details of Harkin's strategy to implement his bill into a law, but said retirement security remains as one of the senator's priorities.