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Q: Is it true that there are bills in Congress that would exempt members and their staffs and families from buying into “Obamacare”?
A: No. Congress members and staffers will be required to buy insurance through the exchanges on Jan. 1. But reportedly there is concern about whether federal contributions to premiums can continue without a change.
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Tag Archives: national retirement system
No Government 401(k) Takeover
Posted on December 11, 2012
Q: Is the Obama administration attempting to eliminate private 401(k)s and IRAs and create a “national retirement system”? A: No. Obama endorses a proposal that would require businesses without retirement plans to establish private IRAs for their employees and deposit a percentage of wages into the accounts. Employees could opt …
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Posted in Ask FactCheck
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Tagged 401(k), Barack Obama, IRA, national retirement system, National Seniors Council
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