Student Loans Affect Employees’ Ability to Save for Retirement

October 18, 2016

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CONTACT:
Kelly Broadway, 202.627.1918, kbroadway@eric.org

For Immediate Release

Student Loans Affect Employees’ Ability to Save for Retirement

WASHINGTON – The following statement is in regards to Aon Hewitt's survey of the effects of student loans on an employee's ability to save for retirement. The statement should be attributed to Will Hansen, senior vice president of retirement policy, The ERISA Industry Committee (ERIC):

“Employers voluntarily provide quality retirement benefits to millions of Americans, but more and more employers are concerned with their employees’ inability to save for retirement due to student loan debt. ERIC urges Congress to adopt legislation to support employers as they develop programs that assist their employees in both repaying student loans and saving for retirement.”

About the ERISA Industry Committee
The ERISA Industry Committee (ERIC) is the only national trade association advocating solely for the employee benefit and compensation interests of the country's largest employers. ERIC supports the ability of its large employer members to tailor health, retirement and compensation benefits for millions of employees, retirees and their families. Learn more at eric.org.