McKnight's Senior Living

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McKnight's Senior Living

A better retirement system would help those left behind: speakers

Hearing witness Nari Rhee said the current employer-sponsored retirement savings system omits many employees, including direct care workers, who toil in predominantly low-wage jobs. This reality poses special challenges for women, given their disproportionate caregiving responsibilities for children and aging parents, due to foregoing pay, a lasting pay penalty and a significant cumulative reduction in potential lifetime earnings.

McKnight's Senior Living

A better retirement system would help those left behind: speakers

Hearing witness Nari Rhee said the current employer-sponsored retirement savings system omits many employees, including direct care workers, who toil in predominantly low-wage jobs. This reality poses special challenges for women, given their disproportionate caregiving responsibilities for children and aging parents, due to foregoing pay, a lasting pay penalty and a significant cumulative reduction in potential lifetime earnings.