STEP FORWARD - Shriver Center

By Brian Clappier, Community Investment Specialist

An increasing number of Americans are approaching the end of their working years, yet nearly half of the nation’s workforce lacks access to employer-based retirement plans. The Shriver Center has responded by supporting portable retirement accounts as a strategy for those left uncovered. In California, Gov. Arnold Schwarzenegger gave portable retirement accounts a strong push forward last Tuesday by voicing his support for Assembly Bill 2940 and the California Employee Savings Program (Cal ESP). The announcement placed his state in the lead of a national movement to encourage retirement savings among low-income, short-tenured, transferable, and small-business employees.

(more…)