The repercussions of the financial crisis will be felt for years in the retirement accounts of millions of Americans. Those who saved industriously have watched their account balances crumble, and therecessionhas set back that half of employees who lack even basic savings options such as 401(k)s.rnIn Washington, long-simmering debates over how to improve, or even replace, the country's patchwork retirement system have taken on a new urgency. Past efforts have focused largely on helping more workers get into retirement plans or increasing the amount people may stash in them and still receive tax breaks. Now, though, policymakers are looking at ways to mitigate the effects of market cycles and ensure that retirees don't outlive their savings, among other things.
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