Barack Obama Speaks On Retirement Protection

Democratic presidential hopeful Sen. Barack Obama, D-Ill., greets supporters following an interfaith forum on climate change, Sunday, Oct. 14, 2007, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

FAIRFIELD, Iowa (AP) -- Presidential candidate Barack Obama is focusing on retirement and baby boomer's' worries about pensions.

The Illinois Democrat wants new protections from companies that he says "leave workers high and dry."

Under his plan, employers would be required to enroll workers in a direct deposit retirement account that puts a small percentage of each paycheck into the account. Workers have a choice of opting out, matching or adding to the account. The account could then be taken with the worker to a new job.

Obama is also out with a new TV ad on retirement security. It features an Iowa man whose pension was raided.




 
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