A New Way to Pay for Retirement

" A group of unions and other advocacy groups is looking to sound the alarm on retirement they say more and more of us do not have enough money to pay for it. And they want the government to make the changes to improve the safety net can we afford that. Joining us now. From the country's right to send -- thanks for joining us I take it that you'll -- point is for a long case of let us down that it."

" Our broad point is that. Americans. Want a decent retirement and that's part of the American dream right now. Other retirement system in this country as a patchwork system that's failing millions of Americans millions of people are getting good sentence but millions more aren't. Basically right now half of all workers have no private savings to supplement Social Security. Employers are whopping good traditional okay."

" we we got it but I'd I understand but do you want tax Payer money do you want a tax Payer funded system to -- been. And ensure a pension for all Americans because if that's what you want. You know as well as I do you can't afford it."

" Well that's actually -- what we're we're advocating we're talking about shared responsibility we're talking about a system where employers put in money. Where employees put in money and yes the government would play a role probably in subsidizing. Would be contributions of of a taxpayers but yeah I --"

" Honey if -- well puts in some the employee bulletin some that's a 401K."

" Well right now we have to do it yourself savings system. Where what the way that -- case work is that employees first have to be offered a plan and they have to be able to contribute to that plan employers. Do not have to contribute some do some doubt. And then employees all the risks -- on employees what we're trying to do is come up with a system where their shared risk and I think that's what Americans want. But you know what did -- the PAU glossing over."

" That the tax I had element here you'll sit -- now the plan and you want. Impact isn't subsidies. And that's going to be a taxpayer subsidy coming up with right now."

" Then -- actually stay connected tied -- you know that -- patented system that Florida case now the largest of all tax subsidies we already are subsidizing the system while that's ridiculous got it -- for the money you put in you can call that a subsidy or not."

" What really want want to direct payment dungeon you want him to rounding out taxpayer money to go to a government system to ensure that kind of pensions that you want to say -- you know what."

" No what what we're saying -- that right now already this is that this is heavily tax cuts as well we want to as the system that helps everybody. And so what we're proposing. It's a universal secure an adequate system we don't have the perfect solution pot gets there were trying to start a national dialogue we love you to be part of it we love your viewers to be part of that."

" They look at you you can look. If I look for the government when I retire now I've got a lavish guaranteed. Guaranteed pension every month I got it. It is wildly expensive. That and the other -- states across this great nation are gone bankrupt because of the pension plans which are in place we cannot afford it. I put it took it can focus."

" Let's first of all like to say right now. That this state pension funds in the find that the plants that are out there should be the model of what we're searching for and their their ways of addressing those kinds of a funding issues about what we like it and get through what I think the best. Of today's employer paid traditional plans can buying them with the best of 41 K plan to we're trying to start a national dialogue on that I can want to. We're not saying that there have to be one way of doing this one would want is an acknowledgment that what's happening today. -- not working for him well can he do you go -- looking but I think I look at you want my money. I think you do. I could tell that escalated out of -- and thank you very much and we appreciate you with a."