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PRESS RELEASE

FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

Roundtable Commends President’s New Retirement Savings Plan

Washington, D.C.—September 5, 2009—The Financial Services Roundtable applauds the Administration for unveiling a new plan to increase retirement savings. The White House unveiled the plan early this morning.

“Adequately planning for retirement is a crucial step to becoming financially fit,” said Steve Bartlett, President and CEO for the Roundtable. “We applaud the Administration for finding new and creative ways to empower Americans to save for their future.”

New features of the plan include revising language to help employees better understand their retirement options, to exchanging unused time-off to additional savings.

The Roundtable has long supported strengthening retirement security in America and has a set of Retirement Security proposals which can be found at: http://www.fsround.org/hyperlink/Retirement Proposals.pdf

These proposals mirror many of the President's proposals and we look forward to working with policy makers to help Americans strengthen their retirement security.

The Roundtable and its member companies demonstrate their commitment to all aspects of retirement security through Community Service 2009 (CS09). A key component of the CS09 initiative is focused on financial literacy. CS09 partners with specific non-profit organizations to assist all Americans in managing overall finances, including planning for retirement. To date Roundtable member companies have completed 17,000 financial literacy projects across the country. For more information please visit: www.financialcommunityservice.org

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $84.7 trillion in managed assets, $948 billion in revenue, and 2.3 million jobs.

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