PSCA to Participate in New Save Our Savings Coalition
The Plan Sponsor Council of America (PSCA) will join the Save Our Savings (SOS) Coalition, a newly-launched group of industry experts advocating on behalf of Americans’ retirement savings as the new administration and Congress look ahead to a comprehensive tax overhaul.
Research shows that Americans overwhelmingly support tax incentives for retirement savings: 80% of households who have a retirement account say its positive tax treatment is a big incentive to contribute, and about 90% of households oppose both taking away the tax advantages of retirement accounts and reducing the amount individuals can contribute to retirement accounts (according to the Investment Company Institute).
“As a diverse community of employee benefit plan sponsors, our mandate is to expand on the success of the employer-sponsored retirement system and to improve retirement security for millions of working Americans,” said Tony Verhayen, PSCA’s Executive Director. “We are partnering with SOS to ensure Americans continue to have access to the private sector retirement system and to meaningful savings incentives.”
In addition to PSCA, the membership of the SOS Coalition includes: American Benefits Council, American Retirement Association, Financial Services Roundtable, Investment Company Institute, New Economics for Women, Northern Trust, Principal, SPARK Institute, and Women’s Institute for a Secure Retirement. For more information, visit www.saveoursavings.org.