FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Issue
Retirement Savings→
Summary
SIFMA submits comments to the Rhode Island House Committee on Labor on state run retirement legislation H. 7219. This legislation would create a state run IRA plan for private sector workers to be managed by the Department of Labor and Training. SIFMA agrees that there is a retirement savings challenge in this country; however, SIFMA does not believe that the proposed state run retirement savings plan is the appropriate solution.
See also:
H. 7219 – Relating to State Affairs and Government
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