OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Retirement Security

Issue Position

Location:
Issues: Senior Citizens Employment and Affirmative Action Entitlements and the Safety Net Health Insurance

Senior citizens and retirees living on their Nest Eggs are particularly vulnerable to the current economic difficulties. Many are worried about the continued viability and long-term solvency of their pensions, IRAs, and 401(k) plans. To help, I supported the new law that suspends "required minimum distributions" for 2009. This program will help by not forcing retirees to take funds out of their retirement plans, and thus give these plans an opportunity to regain value that was lost in 2008.

Key Federal safety net programs, such as Social Security and Medicare, must be protected and their long-term solvency be ensured to help retirees and seniors in their post-employment years. We need a non-partisan Blue Ribbon Commission to make recommendations about how best to guarantee Social Security and Medicare's long-term future. In the early Reagan Administration, the "Greenspan Commission" helped save Social Security for 30 years. We need a 21st Century version of this to help keep Social Security and Medicare safe for the Baby Boom generation.


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