Download or read book Strengthening the U.S. Retirement Savings System written by Nam Pham and published by . This book was released on 2017 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The retirement savings system in the U.S. has proven to be highly successful, with participation and retirement assets both rising steadily over time. The introduction of new products, the increase in contribution limits, the improvement in financial literacy, and the introduction of automatic enrollment and automatic escalation features have all contributed to this success. These strong features of our retirement system must be reinforced to build the retirement savings base to ensure adequate replacement rates of income for retirees.