Statements of Support for Vice Chair Crowley's SAVE UPs Act

Pension Rights Center

David Madland, Senior Fellow at the Center for American Progress Action Fund and Senior Advisor to CAP Action's American Worker Project:

“Congressman Crowley’s SAVE UP Act would expand access to a high-quality retirement plan and is an important step towards shoring up our private retirement system–which is currently failing to meet the needs of a significant part of our workforce. Too many workers do not have access to a retirement plan at their workplace, either because their employer does not offer one or because of the nature of their work. Critically, the bill aims to create a real retirement plan, not just a savings vehicle.  The plan will reduce investment risks for savers and pay out a stream of income that cannot be outlived.  These features can enable millions of Americans to retire with security and dignity.”