President Obama expands workers' retirement savings options
Save Email Print
Bookmark and Share
Posted: 10:42 AM Sep 5, 2009
President Obama expands workers' retirement savings options
President Barack Obama says the government is trying to make it easier for Americans to save for retirement.
Reporter: The Associated Press
Font Size:

President Barack Obama says the government is trying to make it easier for Americans to save for retirement.

In his weekly radio and Internet address, the president notes the toll the recession has taken on extra income and savings accounts.

One initiative will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it.

The president says that "automatic enrollment has made a big difference in participation rates by making it simpler for workers to save."

The new federal steps do not require congressional action.

While saving for retirement is universally seen as a good idea, any increase in savings rates could somewhat slow the nation's rebound from the economic recession.
More Stories

Complete Election Results
Complete Election results can be found at various partners' and government websites:
Some of these results may not be available until Wednesday

Indiana:
Elkhart: Elkhart Truth
Fulton: Rochester Sentinel
Kosciusko: Times-Union
LaGrange: LaGrange County
LaPorte: LaPorte County
Marshall: Marshall County
Starke: Starke County

Michigan:
Berrien
Cass County.
St. Joseph County
WNDU News Poll
If you lived in Iowa, who would you be supporting for President?

Michele Bachman
Newt Gingrich
Ron Paul
Rick Perry
Mitt Romney
Rick Santorum
Barack Obama


Most Popular Headlines