When it comes to robust retirement systems around the globe, the U.S. is ranked 19 of 150 different countries, and American business from lawmakers to employers and plan sponsors can learn from some of those international success stories.
The good news, says Sen. Orrin Hatch (R-Utah), is that the private employer-based retirement savings system in the United States particularly 401(k) plans and Individual Retirement Accounts has become the greatest wealth creator for the middle class in history and represents truly shared prosperity. Hatch, incoming Chairman of the Senate Finance Committee, spoke Monday at the Financial Services Roundtables Retiring Around the Globe: Is Americas System the Best?
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