Reps. Norcross, Walberg Reintroduce Legislation to Improve Retirement Security for American Workers
WASHINGTON, DC – Today, Representatives Donald Norcross (D-NJ-01) and Tim Walberg (R-MI-07), who serve together on the House Committee on Education and Labor’s Health, Employment, Labor, and Pensions Subcommittee, reintroduced the Lifetime Income For Employees (LIFE) Act of 2022. This legislation would allow annuities to be a default in employer-provided 401(k) plans to deliver employees with a steady, guaranteed income during retirement.
“American workers are concerned about retirement and their concerns are not unfounded. Seven out of 10 Americans say they’re living paycheck to paycheck and 80% say […]