Washington, DC – The following statement supports The ERISA Industry Committee’s (ERIC) letter to Senators James Lankford (R-OK) and Michael Bennet (D-CO) regarding their introduction of the Enhancing Emergency and Retirement Savings Act of 2021.The statement should be attributed to Aliya Robinson, Senior Vice President of Retirement and Compensation Policy, ERIC:
“The ERISA Industry Committee applauds Senators Lankford and Bennet for addressing critical retirement and savings needs.
We appreciate that the Enhancing Emergency and Retirement Savings Act of 2021 encourages employees to save for retirement while still allowing them to access their money in cases of emergencies without penalty.
The Act serves as a complement to the many financial wellness programs and tools offered by large plan sponsors, like ERIC member companies, and will help millions of working Americans better prepare for their financial futures.
ERIC pledges to work with lawmakers to advance this legislation and encourage emergency savings and retirement security for all working Americans.”
Click here to read ERIC’s letter.