Retirement Security Accounts

Secure retirements, competitive businesses and economic growth for America

A better retirement system is critical for the economic security of Americans and for promoting small business competitiveness. Currently, half of all workers lack access to a retirement plan at their workplace. Small businesses face high administrative and cost hurdles that often prevent them from offering retirement plans to employees.

Universal Voluntary Retirement Accounts (UVRAs) are a straightforward alternative to the retirement savings dilemma facing today’s workers and small businesses. UVRAs allow any individual worker to open a low-cost Individual Retirement Account (IRA), and make it easier for small businesses to recruit and retain employees by offering them a way to save for retirement.

Benefits for workers, business and our economy:

UVRAs make retirement plans available to more Americans. Nationally, two out of three low-wage workers and one in four high wage workers continue to lack access to a retirement plan. Many individuals and business owners put off starting a plan due to the complexity of existing retirement plans and confusion over program fees.

  • Leave a Reply

Your email address will not be published.

More To Read

September 15, 2022

2022 Changemakers – Remixed!

Making Change, Together!

August 19, 2022

The Child Care Emotional Roller Coaster

Decades of underfunding has left the child care sector on the brink of collapse

August 16, 2022

2022 Inflation Reduction Act: A Strong Step Toward Rebuilding our Economy but Families Need More

We applaud the swift passage of this historic legislation and will continue to advocate for investments in the care economy