February 26, 2009
Members of Congress today commenced an effort to determine whether retirement legislation needs to be enacted to protect the retirement security of the country's aging population — an effort that could lead to regulation of target date funds, among other things actions.
Lawmakers and key witnesses — including Dallas Salisbury, president and CEO of the Employee Benefits Research Institute in Washington, and Deena Katz, a financial planner and associate professor at Texas Tech University in Lubbock — discussed the success of 401(k) plans in helping Americans save for retirement, among other expenses.