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ASPPA: Gang of Six plan could decimate retirement savings

The American Society of Pension Professionals & Actuaries is urging the bipartisan "Gang of Six" to tread carefully on its proposal to raise revenue by reducing tax incentives for retirement savings.

By Jenny Ivy | Updated on July 24, 2011

The American Society of Pension Professionals & Actuaries is urging the bipartisan “Gang of Six” to tread carefully on its proposal to raise revenue by reducing tax incentives for retirement savings.

Senate leaders on both sides of the aisle reached an agreement July 19 on a plan to cut the deficit by more than $4 trillion over the next decade. More than $1 trillion is to come from reforming tax expenditures for health care, charitable giving, homeownership and retirement.

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