Voluntary Accounts | Press

Retirement Plans Shrink as Economy Falters

05.05.2008 | National Public Radio Morning Edition | More and more older workers are opting to stay on the job rather than retire. For some, it's a matter of choice. For others, the uncertain housing market and shrinking returns on retirement funds make retiring a difficult prospect. | Read | Listen

Plan to open up CalPERS reflects worry about inadequate saving for retirement

04.25.2008 | Sacramento Bee | Investing for retirement is the financial equivalent of eating your vegetables: It's good for you, but sometimes downright distasteful. Now a proposal making its way through the California Legislature has people talking about whether the state can make putting aside retirement money more palatable. | Read

Retirement confidence plummets

04.09.2008 | Employee Benefits Research Institute | Reflecting the growing concern over health care costs and economic issues, American workers’ confidence in being able to afford a comfortable retirement decreased over the past year by a rate unmatched in the 18 years of the Retirement Confidence Survey® (RCS), according to results released today. | Read

State can play valuable role in helping to build nest eggs

02.21.2007 | Everett Herald | Recently, the Legislature's House Appropriations Committee grappled with the government's role in helping to get people to save for their own retirement. It is a big and growing problem. We are on the road to reversing all the progress we have made over the past 50 years in enabling retirees to avoid poverty. | Read

Legislators tackle retirement savings with some common sense

04.19.2006 | Tacoma News Tribune, Everett Herald | Washington Voluntary Accounts would enable every worker in the state to save pre-tax money into a retirement plan, choose from a portfolio of safe investments, and be completely portable from workplace to workplace... | Read (Tribune) | Read (Herald)

More companies ending promises for retirement

01.09.2006 | New York Times | The death knell for the traditional company pension has been tolling for some time now. Companies in ailing industries like steel, airlines and auto parts have thrown themselves into bankruptcy and turned over their ruined pension plans to the federal government. Now, with the recent announcements of pension freezes by some of the cream of corporate America - Verizon, Lockheed Martin, Motorola and, just last week, I.B.M. - the bell is tolling even louder. | Read

House and Senate Bills Provide for Easy Way to Save for Retirement

01.27.2005 | EOI | Washington Voluntary Accounts give workers the chance to participate in a defined-contribution retirement savings plan at their workplace. | Read