releases: https://www.daines.senate.gov/news/press-releases/daines-retirement-security-is-critical-for-montanans
Data license: MIT · Data source: dwillis/congress-press
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| https://www.daines.senate.gov/news/press-releases/daines-retirement-security-is-critical-for-montanans | Daines: Retirement Security is Critical for Montanans | 2020-12-09 | 2020 | 2020-12 | Republican | House | MT | Steve Daines | D000618 | www.daines.senate.gov | legacy | 12.09.20 Daines: Retirement Security is Critical for Montanans Urges passage of his bipartisan retirement security bill at Senate hearing U.S. SENATE Today, at aU.S. Senate Finance Subcommittee hearing,U.S. Senator Steve Dainesstressed the importance of retirement security for Montanans. At the hearing, Daines urged passage of hisbipartisan retirement security bill, the Retirement Savings Lost and Found Act, to helpMontanans hold on to more of their hard-earned dollars and better prepare them for a peaceful retirement. To download the Senator's opening remarks click, HERE. For b-roll of the Senator on the hearing, click, HERE. Montanans and the American people work hard and save up for decades with the hope of achieving a peaceful retirement -a retirement where folks don't have to worry about outliving their savings, Daines said. But as Americans switch jobs at higher rates than ever before, they are often unknowingly leaving behind their retirement accounts. My bipartisanbill with Senator Warren solves this problem, ensuring people keep more of their hard earned money,by creating a national lost and found registry for retirement accountsThis bill is a win for Montana workers, families and businesses and must be passed into law. As Americans leave jobs at a higher rate, a study by an investment management company showed that up to 30 percent of employees left behind some of their retirement savings when they switched jobs. Daines introduced his bipartisan legislation with Democratic Senator Elizabeth Warren (D-MA). The bill would create a national lost and found registry for retirement accounts using data that employers are already required to report. This will allow former employees to use the online registry to find all of their former employer-sponsored retirement accounts, ensuring no dollar is left behind as they move from one job to the next. Background: On July 2nd, 2020, Daines introduced his bipartisan Retirement Savings Lost and Found Actto modernize the retirement system to better protect Americans' hard earned savings. Print Email Tweet Previous Article Next Article | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |