Our current economic meltdown has made it painfully clear...the American retirement system is in crisis.  Less than half of full-time workers have a retirement plan, which means our system is far from Universal.  Millions of retired Americans are also finding their income is far from Secure or even Adequate.  Universal...Secure...Adequate.  These are the basic principles announced today as a new retirement initiative was unveiled in Washington. Retirement USA  is a coalition including; the Economic Policy Institute, the National Committee to Preserve Social Security and Medicare, the Pension Rights Center and the Service Employees International Union (SEIU).  Today the group issued a set of principles it hopes will form the foundation of a new retirement system that together with Social Security, will provide more security for future retirees. 
"We all support strengthening Social Security as the foundation of our retirement system.  However, we also recognize that Social Security was never intended to be the sole source of Americans' retirement income. Our nation needs a universal, secure, and adequate system to supplement it."  Barbara B. Kennelly, President/CEO-The National Committee
Today's event was just the beginning.  Retirement USA will host a fall conference to bring together key players in the retirement debate.  The group has not endorsed any one retirement system reform instead it hopes the basic principles of a Universal, Secure and Adequate retirement income will begin the conversation.