“American workers are concerned about retirement and their concerns are not unfounded. Seven out of 10 Americans say they’re living paycheck to paycheck and 80% say they’ll need to work in retirement due to lack of savings,” Norcross said. "...  As a retired electrician, I know first-hand how important pensions are to workers who rely on them for their retirement. By creating ‘individual pensions,’ this legislation will provide hard-working Americans with a guaranteed income so they can retire with dignity.”