Washington, D.C. (September 15, 2011)—The American Council of Life Insurers (ACLI) today joined the American Benefits Council in a statement submitted to the Senate Finance Committee in support of the current tax treatment for employer-sponsored retirement plans. ACLI made similar comments in a joint statement with 22 trade associations.
Meanwhile, in a separate statement to the Committee, ACLI recommended ways to help Americans secure their retirements, including urging Congress to adopt S. 267, the Lifetime Income Disclosure Act and making longevity insurance more available.
The statements were submitted for the record to the Committee for its hearing, “Tax Reform Options: Promoting Retirement Security.” All three statements are available below:
Download the ABC/ACLI Statement for the Record (PDF).
Download the joint trade associations statement (PDF).
Download ACLI Statement for the Record (PDF).
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with more than 300 legal reserve life insurer and fraternal benefit society member companies operating in the United States. ACLI members represent more than 90 percent of the assets and premiums of the life insurance and annuity industry. In addition to life insurance and annuities, ACLI member companies offer pensions, 401(k) and other retirement plans, long-term care and disability income insurance, and reinsurance. ACLI's public Web site can be accessed at www.acli.com.