Sen. Harkin’s Plan to Boost Retirement Savings: Praised and Criticized

Sen. Tom Harkin’s proposal to help shore up America’s retirement system, which would give future generations a better shot at retiring with adequate savings, has reignited the debate over America’s retirement crisis. The plan was outlined in a report that Harkin, a Democrat and chairman of the Senate Committee on Health, Education, Labor and Pensions, released on Friday. It would: *Create a privately-run retirement plan that would provide lifetime income benefits similar to a pension. *Allow funds to be pooled …