president obama state of the union

President Pushes for New Pension Savings, Job Programs

Posted on 01/29/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsIn his State of the Union address on Jan. 28, President Barack Obama proposed a new retirement savings plan, called for more efforts to create jobs and outlined other measures that could benefit older Americans. Acknowledging that Social Security often isn’t sufficient and that many workers don’t have pensions, Obama described plans for a new type of IRA, called MyRA, to be created by the Treasury Department. “It’s a new savings bond that encourages folks to build a nest egg,” …