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GAO Asked to Examine Retirement System Cybersecurity

In a letter to the Government Accountability Office (GAO), lawmakers said retirement savings are "a tempting target for criminals who could hack into plans and individuals’ accounts to access information, commit identity fraud, and steal retirement savers’ nest eggs."

INSIDE THE MAGAZINE PLANADVISER January/February 2019

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Senate Committee Fields Suggestions for Promoting Savings

Hearing witnesses discussed conducting a comprehensive review of the American retirement system, allowing for open multiple employer plans (MEPs), and changing certain defined contribution (DC) plan rules to facilitate greater savings, among other things.