Word: systemize
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...from what we have now to what you are describing? The first thing we need to do is to return to a system where the 401(k) is not the sole retirement-savings vehicle. Also, employers have to acknowledge that they have a shared responsibility along with employees to produce safe retirements. Lastly, we all have to realize that there is a role for government to play in creating the right legislative environment that enables workers to enroll in a sound retirement plan...
...would you design a sound plan? Every worker would automatically be enrolled in the new retirement system. The only way to opt out would be to show that you already have a retirement plan in place. And workers would be eligible for the retirement system on their first day of work, unlike today, where many companies make people wait a year until they can participate in their 401(k) plan. There would be an individual contribution and company match. Together those contributions would equal somewhere between 10% to 14% of a worker's pay. Our research shows that at that...
...think there will be some kind of changes made to our 401(k)-centric retirement-savings system? I think there probably will be changes. We have an aging population, so retirement security is a hot issue for a larger portion of the population. Second, the recession highlighted the problems with the current system. Lastly, we have a President that recognizes this is an important issue...
What about our financial system in general? You belong to group of executives who have proposed changes to financial regulation. One of the ideas being considered is to create a national financial regulator who is solely focused on consumer protection. Do you think that is a good idea? I think we do need to do something. It will be a challenge to figure out how a national regulator would intersect with state regulators on consumer issues, but I think it can be done...
Seven months after its creation, a task force chaired by University Provost Steven E. Hyman is poised to recommend fundamental changes to Harvard’s library system this semester, with an eye toward cutting costs and centralizing its administrative structure...