Student Loans Affect Employees’ Ability to Save for Retirement

For Immediate Release

Washington, DC – 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.”

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.