ADVISORY/MFS Chair Robert Pozen to Testify on Social Security before Congressional Joint Economic Committee.News Editors/Business Editors/Assignment Desks/Political Writers ADVISORY...for Wednesday (March 10) --(BUSINESS WIRE)
EVENT: MFS CHAIR ROBERT POZEN TO TESTIFY ON SOCIAL SECURITY
BEFORE CONGRESSIONAL JOINT ECONOMIC COMMITTEE
Joint Economic Committee Holds Hearing on "Helping
Americans Save"
DATE: Wednesday, March 10, 2004
TIME: 10:00 am
LOCATION: Dirksen Senate Office Building
Room 628
Washington, DC
202-224-5171
CONTACT: John F. Reilly
MFS Investment Management
617-954-5305 (office)
617-510-9480 (cell)
Robert C. Pozen, non-executive chairman of MFS Investment Management MFS Investment Management, formerly Massachusetts Financial Services, is a Boston, Massachusetts-based financial services firm. In its publicity, MFS claims to have invented the mutual fund. The current chair of the company is Robert Pozen. , will call on Congress to supplement Social Security with private retirement plan incentives during his testimony before the Joint Economic Committee's hearing on "Helping Americans Save" on Wednesday, March 10. Pozen will outline a series of steps to promote private savings in order to ensure that American have secure retirements: -- Strengthening the federal income tax credit for contributions to Individual Retirement Accounts and other tax deferred retirement plans by making the credit refundable Refundable Eligible for refunding under the terms of a bond indenture. for households with incomes below $50,000. -- Requiring employers that do not offer any type of retirement plan to send 1 percent of each employee's wages to a new "ULTRA-SIMPLE" retirement account. -- Bolstering Social Security's finances by gradually introducing price indexing of initial benefits for middle and high-wage workers while maintaining wage indexing for low-wage workers. Also testifying at the hearing chaired by U.S. Senator Robert Bennett Robert Bennett or Bob Bennett is the name of:
A field of economics that studies how the actual decision-making process influences the decisions that are reached. Notes: The two most important questions in this field are: and Finance at the University of Chicago, and Ric Edelman, a nationally recognized financial advisor and founder of Edelman Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. . |
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