Roth Seeks Clinton’s Aid on Retirement Accounts

Senate Finance Committee Chairman William V. Roth Jr. (R-Del.) on Monday called on President Clinton to have the government create personal retirement accounts for taxpayers as part of his fiscal 2000 budget.

Roth, originator of the Roth IRA and a longtime champion of individual retirement accounts, is pushing his own plan that would finance a new type of retirement account with projected budget surpluses.

Clinton, as part of a broader plan to replenish the federal retirement system, has been weighing whether to propose some sort of retirement account that would supplement or partially replace Social Security benefits.