Thursday, September 15, 2011
ACLI Promotes Retirement Security to Senate Finance Committee
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.
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 290 member companies operating in the United States and abroad. ACLI advocates in state, federal, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing 94 percent of industry assets, 93 percent of life insurance premiums, and 97 percent of annuity considerations in the United States. Learn more at www.acli.com.