U.S. Senator Tammy Baldwin Joins Legislation to Protect Wisconsin Women's Retirement Security

Statement

Today, U.S. Senator Tammy Baldwin, a member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, joined Ranking Member Patty Murray (D-WA), to introduce new legislation to address the challenges women face in accessing retirement security to ensure women can better prepare for retirement. The Women's Pension Protection Act of 2015 would strengthen consumer protections to safeguard retirement savings, improve access to retirement savings plans for long-term, part-time workers, the majority of whom are women, and help increase women's financial literacy.

"Today in America, ensuring a secure retirement is an essential building block in the foundation of our nation's middle class. Unfortunately, women in Wisconsin and across the country face systemic roadblocks when it comes to saving for retirement," said Senator Baldwin. "I'm proud to fight on behalf of those women by addressing some of these challenges and protecting this critical investment in their future."

Joining Senators Murray and Baldwin to cosponsor the Women's Pension Protection Act of 2015 are Senators Kirsten Gillibrand (D-NY), Claire McCaskill (D-MO), Jeanne Shaheen (D-NH), Barbara Mikulski (D-MD), Maria Cantwell (D-WA), Debbie Stabenow (D-MI), and Amy Klobuchar (D-MN).

Earlier this year, Senator Murray released a report detailing the systemic challenges that contribute to the large gender retirement gap.

Source