(PRNewsfoto/Transamerica Center for Retirement Studies) "Before the pandemic, the retirement prospects for many workers was iffy at best. The pandemic has exacerbated that situation. Millions of workers have experienced negative impacts to their employment, ranging from pay cuts and furloughs to job loss. Some workers have even dipped into their retirement accounts to make ends meet," said Catherine Collinson, CEO and president of Transamerica Institute and TCRS. "It will take years for many workers to financially recover – and some may never recover. Help from policymakers is needed to strengthen the U.S. retirement system." Retirement Security Priorities for the New President and Congress