Carter-era idea for national pension system inspires solution to today’s retirement savings crisis

By Kathie O’Donnell
Source: Pensions & Investments

President Jimmy Carter will go down in history as the nation’s 39th president and a Nobel Peace Prize winner, but his legacy also includes something else: concern for U.S. workers’ retirement security.

Carter, who died at age 100 on Dec. 29, signed an executive order dated July 12, 1978, establishing the President’s Commission on Pension Policy.

The order tasked the commission with developing policies to ensure the U.S. had “effective and equitable retirement, survivor and disability programs which take into account available resources and demographic changes that are expected into the middle of the next century.”

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