Quotations
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James Klein Quotes
«What precipitated the S&L crisis (is that) depositors had the right to go into the S&L and demand their deposits back today. The (agency's) deficit would be paid out decades into the future. A retiree can't go to the (agency) and say, 'Give me my money today in a lump sum,' »
Author: James Klein
«These rigid percentage caps on stock create all kinds of problems. You're discouraging employer matching, and you're imposing rules on how individuals should invest their money.»
Author: James Klein
«From our perspective, all savings is good, and I'm loathe to criticize it until we see detailed plans. But the main question it raises is to what extent does this encourage or discourage long-term savings?»
Author: James Klein
«It is important that they keep working on it. There is still time to get it done,»
Author: James Klein
«The American Benefits Council, representing companies that either directly sponsor or provide services to retirement and health plans covering more than 100 million Americans, believes that it is critical that pension reform legislation be enacted this year,»
Author: James Klein
«These rigid percentage caps on stock create all kinds of problems.»
Author: James Klein
«This is just a continuation of a trend amongst many companies that have moved away from defined-benefit plans as a principal source of retirement income.»
Author: James Klein
«More and more companies are discovering that defined-benefit plans are not well-suited to their business realities, their future and the nature of their work force management. We've had a lot of companies terminating for quite some time, and freezing activity has gathered steam as well.»
Author: James Klein
«I fully expect that Congress will iron out the differences. With Social Security reform a bust, pension reform is a must.»
Author: James Klein
«Survey after survey finds people are underestimating what they need for a financially secure retirement.»
Author: James Klein