Quotations
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Jack VanDerhei Quotes
«I would say that a huge percentage of them who don't already have automatic enrollment would adopt it overnight.»
Author: Jack VanDerhei
«The major problem you're going to have is that you're not going to have anything current enough to do anything about. You really are in a no-win situation.»
Author: Jack VanDerhei
«Go straight to the Schedule B.»
Author: Jack VanDerhei
«The system is set up ... not to help the consumers. It's there to help the regulators.»
Author: Jack VanDerhei
«Since there is no requirement that they offer [a pension] in the first place, there's no requirement that they keep doing it.»
Author: Jack VanDerhei
«It's clear that people currently working should factor into their retirement planning the long-term trend away from traditional defined benefit pensions. That means people need to be saving more than they are.»
Author: Jack VanDerhei
«I'm sure anyone who's read the paper lately would know that the likelihood [of receiving a traditional pension] is going down very rapidly.»
Author: Jack VanDerhei
«The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.»
Author: Jack VanDerhei
«It's kind of like watching a glacier move.»
Author: Jack VanDerhei
«People typically take a cue from their parents' generation ? which had pension plans and retiree health programs. And they know they're making more money than their parents did.»
Author: Jack VanDerhei