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OPA News Release: [02/22/2002]
Contact Name: Sue
Hensley
Secretary Elaine L. Chao Announces Federal Reserve Chairman
Greenspan To Address Retirement Savings Summit
"Advocates Consumer
Education About Financial Technologies" [02/22/2002]
WASHINGTON-Secretary of Labor Elaine L. Chao today announced that
Federal Reserve Chairman Alan Greenspan will address the issue of retirement
security at the 2002 National Summit on Retirement Savings on Thurs., February
28, 2002 at the Capital Hilton Hotel in Washington, D. C.
Greenspan will be the luncheon speaker. Secretary Chao, the host of the
Summit, will address the program earlier in the day and will introduce Chairman
Greenspan.
"It is my pleasure to announce that Chairman Greenspan will speak at
this year's SAVER Summit," Chao stated. "Given his leadership role within the
financial community, he has been an outstanding advocate of consumer education
about financial tools."
Chairman Greenspan has spoken on the importance of education in allowing
consumers to take advantage of financial technologies, including employees who
self-direct their pension investment. In recent Congressional testimony,
Greenspan said, "… education can play a critical role by equipping
consumers with the knowledge required to make wise decisions when choosing
among the myriad of financial products and providers."
At the Summit, delegates will explore ways to promote retirement
security through savings. Delegates will examine ways to educate and motivate
Americans to plan and save for retirement throughout their lifetime. In
breakout sessions, the delegates will work on action plans designed to address
generational issues of the Millennial Generation, Generation X, Baby Boomers
and the Silent Generation.
Additional information about the 2002 Summit can be found at
www.saversummit.dol.gov
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