American Council of Life Insurers (ACLI) Applauds Executive Order Expanding Retirement Plan Access

WASHINGTON-American Council of Life Insurers (ACLI) President and CEO David Chavern said the following regarding President Trump's executive order expanding retirement plan access:

"Too many people lack access to employer-sponsored retirement plans, and this executive order takes meaningful steps to close that gap. By launching TrumpIRA.gov and leveraging the Saver's Match program, the administration is creating a real opportunity for millions of workers to build greater financial security. Individual retirement savings plans have proven their ability to change outcomes for working Americans for more than 50 years. We look forward to working with the Treasury Department and policymakers to help more Americans save for retirement."

The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI's member companies are dedicated to protecting consumers' financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI's 275 member companies represent 94 percent of industry assets in the United States.