Harrisburg, PA - Pennsylvania Treasurer Joe Torsella, today issued the following statement on U.S. House passage of Resolutions (H.J. Res 66, H.J. Res 67). These resolutions would repeal broadly supported rules recently finalized by the U.S. Department of Labor to make it easier for states and cities to implement retirement security plans for private sector workers.
“We need to empower working Pennsylvanians to build their own long-term economic security - not restrict it. Portable individual retirement savings plans are simple tools that allow workers to create economic security through their own efforts, with their own earnings. This policy is a no-brainer that has been gaining bipartisan momentum nationwide.