The ESOP Association Submits Statement to Senate Committee on Finance in Regard to Retirement Savings

On September 16, 2014, the Senate Committee on Finance held a hearing on the state of retirement savings in the U.S. The ESOP Association submitted a statement for the record highlighting the prosperity of ESOP companies and the value employee ownership can bring to a company.

In the statement, ESOP Association President, J. Michael Keeling noted, “The Senate Finance Committee has a long history of supporting laws that encourage the creation and operation of ESOPs because in the vast majority of instances, ESOP companies are more productive, more profitable, with sustainable jobs for their employees that are locally-controlled, while providing retirement benefits that are greater than most U.S. conventionally-owned companies.”

The full statement can be found on the Association’s website.