Robert L. Johnson, Chairman of The RLJ Companies and majority owner of Retirement Clearinghouse fully supports Senator Tim Scott (R-SC) for his leadership to reduce retirement plan cash out leakage when an employee changes jobs allowing their current retirement savings to follow them to their next employer. In the July 18, 2017, letter from Senator Scott and 10 Republican Senators, they call upon Secretary Acosta to issue an Advisory Opinion regarding the application of the Employee Retirement Income Security Act of 1974 (ERISA) to auto portability.

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Read the letter from U.S. Senator Tim Scott

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