POTUS |

Obama’s 2015 Budget Is a House of Cards

March 4, 2014

The following is a statement from Brian H. Graff, Executive Director/CEO of the American Society of Pension Professionals & Actuaries (ASPPA) in response to the proposed fiscal year 2015 budget President Barack Obama released today: “Unfortunately, this year’s budget proposal includes the same wrong-headed attacks on employer-sponsored retirement plans as last year. The double tax… Continue reading

Inspiring websites

San Francisco Chronicle: MyRA for workers whose employers don’t offer retirement plan

February 1, 2014

MyRA for workers whose employers don’t offer retirement plan Almost 72 percent of workers earning $30,000 to $50,000 who are offered a workplace retirement plan participate, whereas only 5 percent without a workplace plan open an IRA, according to a study cited by the American Society of Pension Professionals & Actuaries. {break} Brian Graff, chief… Continue reading

Salon.com: Obama falls short, We’ll need much more to fix our catastrophic inequality

January 29, 2014

Obama falls short: We’ll need much more to fix our catastrophic inequality Excerpt: “Brian Graff, CEO of American Society of Pension Professionals & Actuaries, who has spoken with Treasury about the president’s retirement plan, shared his view with Politico: “It’s not what I would describe as an earth-shattering move.” You can say that again.”

USA Today: Obama stumps for minimum wage hike, retirement plan

January 29, 2014

Obama stumps for minimum wage hike, retirement plan Excerpt: “Brian Graff, CEO of the American Society of Pension Professionals and Actuaries, said the myRA is a “modest proposal” that would require voluntary cooperation from the businesses involved. It may be something of a down payment on a more ambitious plan to require all businesses to… Continue reading

Bloomberg Businessweek: Savings Plans for Low-Income Workers Ready by Year-End, Lew Says

January 29, 2014

Savings Plans for Low-Income Workers Ready by Year-End, Lew Says Excerpt: “This isn’t earth-shattering stuff,” said Brian Graff, chief executive officer of the American Society of Pension Professionals & Actuaries. “But it is a step in the right direction to get more people saving for retirement, which I would think is a bipartisan issue.” “I… Continue reading

POTUS Attacks Tax Incentives for Retirement; ASPPA’s CEO Responds

January 29, 2014

ASPPA CEO/Executive Director Brian Graff issued the following statement in response to President Obama’s attack on the tax incentives for retirement savings in his State of the Union Address. “It is extremely unfortunate that while promoting the importance of retirement savings in the State of the Union, President Obama chose to attack the 401(k) plan,… Continue reading

Politico: State of the Union 2014 Obama touts ‘MyRA’ retirement savings proposal

January 28, 2014

State of the Union 2014: Obama touts ‘MyRA’ retirement savings proposal Excerpt: “Brian Graff, CEO of American Society of Pension Professionals & Actuaries, said that under the plan, workers would be able to deduct a percentage of their paycheck to purchase the new Treasury bonds. Once the worker has invested enough money in the bonds,… Continue reading

Bloomberg: Obama Offers Retirement Savings Plan for Workers Lacking 401(k)

January 28, 2014

Obama Offers Retirement Savings Plan for Workers Lacking 401(k) “…This isn’t earth-shattering stuff,” said Brian Graff, the chief executive officer of the American Society of Pension Professionals & Actuaries. “But it is a step in the right direction to get more people saving for retirement, which I would think is a bipartisan issue…” “I don’t… Continue reading

Financial Times: Retirement industry slams Obama’s 401(k) cap

December 5, 2013

Retirement industry slams Obama’s 401(k) cap Excerpt: “The plan gets shuts down when the business owner has no incentive to continue with the plan, and the plan participants are impacted,” says Brian Graff, chief executive of the American Society of Pension Professionals and Actuaries. He says studies have shown plan participants are 15 times more… Continue reading