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 is a national advocacy organization that exclusively represents large employers that provide health, retirement, paid leave, and other benefits to their nationwide workforces. With member companies that are leaders in every sector of the economy, ERIC advocates on the federal, state, and local levels for policies that promote flexibility and uniformity in the administration of their employee benefit plans.