The American Council of Life insurers has issued its retirement security agenda.[@@]
“People are living longer, and they need to be educated on the importance of preparing for retirements that could last 20 years, 30 years or more,” said Frank Keating, President and CEO of the ACLI, Washington.
The report, “Retiring in the 21st Century: A National Retirement Agenda,” calls on those crafting the nation’s retirement laws and policy to establish incentives for workers to increase long-term savings and to use annuities to assure a steady income stream in retirement.
The group also calls for promoting greater participation in employer-based retirement plans and for providing incentives for workers to buy long-term care insurance or for employers to offer such coverage.