Portable Retirement Investment Accounts
Washington, DC— Today, Congressman Jim Himes (CT-04) and Senator Mark Warner (D-VA) introduced the Portable Retirement and Investment Account (PRIA) Act of 2021. The PRIA Act will create universal, portable retirement and investment accounts that will be accessible to all Americans throughout their lives and move our retirement system into the 21st century. “The current retirement system isn’t working for all Americans,” said Himes. “The options to which American workers have access can differ significantly based on their area of employment and the systems can be needlessly confusing. In addition, many Americans lose access to retirement savings vehicles if they lose their jobs, and gig, contract, and part-time workers are often ineligible. PRIA changes all of this.” “Americans are more likely…
