Thursday, December 28, 2006

Old story: Women may have it worse

Old story: Women may have it worse - Los Angeles Times:

The basic take-away from this article about women and our retirement years:

"In September, a bipartisan group of senators introduced the Women's Retirement Security Act. Among other things, it would require employers to allow long-term, part-time workers to participate in 401(k) plans and require most companies that lack retirement plans to make payroll deductions for employees' individual retirement accounts.

The idea is 'to level the playing field' to help women save for the future, said Sen. Gordon H. Smith (R-Ore.), one of the sponsors.

Apart from changes to policy, many say, individuals [including individual women] must do more themselves to prepare for the long haul. That means saving more and working longer."

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