While many provider and advisor groups like ASPPA and NAPA have begun to marshal their forces to protect against reductions in retirement savings tax incentives, as Congress begins to tackle the budget deficit it is even more important that employers step up and voice their support for DC plans. To that end, the Society for Human Resource Management (SHRM) is chairing an industry group, the Coalition to Protect Retirement, which has launched a new website, howamericasaves.com, to ensure that members of Congress understand the importance of preserving tax incentives for retirement plans and how, unlike so many other tax expenditures, they represent tax deferrals, not tax deductions.
Look for more news next week about an important new initiative by ASPPA and NAPA to support this cause.
