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October 20, 2023

Alliance for Retired Individuals Hosts Fourth Annual Retirement Safety Symposium

Authorities officers, labor motion leaders, coverage specialists, Social Safety and pension advocates, lecturers, attorneys, and economists gathered to debate retirement safety and social insurance coverage points with a whole lot of digital and in-person contributors Tuesday on the Alliance’s symposium, Getting ready for Retirement, Particular person and Collective Efforts.

The main focus of the day was actions people and policymakers ought to take to make sure a safe retirement for all. “Retirement safety is underneath assault. Within the company boardrooms round this nation, they’re considering the best way to eradicate pension plans,” stated Alliance President Robert Roach, Jr. “Particular person effort results in a concerted effort, which ends up in success in combating these efforts.”

AFL-CIO President Liz Shuler advised the viewers that Republicans in Congress proceed to press for fiscal commissions searching for to chop Social Safety, declaring, “We have to be clear, as we at all times have been, that Social Safety will not be the issue, it’s a key resolution to the retirement revenue disaster and it must be expanded. We want our younger staff engaged on this battle, we’d like our retirees engaged on this battle, standing proper subsequent to one another, letting Individuals all around the nation know the way this impacts every of us, telling these tales, organizing.”

AFL-CIO Secretary-Treasurer and Alliance Govt Vice President Fred Redmond thanked Alliance members for his or her necessary work in defending and increasing retirement safety by way of outreach to retirees and defined why each American is affected by retiree points.

American Federation of Lecturers President Randi Weingarten mentioned the significance of implementing insurance policies just like the Inflation Discount Act, the Bipartisan Infrastructure Act, and negotiating decrease prescription drug costs to assist all American households, not simply retirees. She additionally harassed the necessity to have interaction with union members and retirees to fight disinformation.

Rep. John Larson (CT), Rating Member of the Home Methods and Means Social Safety Subcommittee, spoke about the necessity to defend and broaden Social Safety now. “How is it that when you’re residing longer, you need to reside on much less? That’s not what (President) Roosevelt supposed and that’s not what President Biden intends, and that’s why he’s been so upfront and outspoken about Social Safety,” Rep. Larson said.

Alliance Govt Director Richard Fiesta mentioned methods to strengthen and broaden Social Safety; Gordon Hartogensis, Director of the Pension Profit Warranty Company (PBGC) spoke concerning the success of President Biden’s American Rescue Plan (ARP); and Kevin Muse, Supervisory Actuary with PBGC, spoke concerning the ARP’s Particular Monetary Help Program.

Anne Henderson, PBGC Senior Advisor; Norman Jackson, Deputy Director, U.S. Division of Labor (DOL’s), Philadelphia Regional Workplace; and Timothy Rowe, Senior Investigator, U.S. Division of Labor, Washington District Workplace, mentioned the PBGC’s Lacking Individuals Program and DOL’s efforts to recuperate retirement funds beneficiaries didn’t learn about or have misplaced observe of.

Kenneth Stribling, President of the Nationwide United Committee to Defend Pensions (NUCPP) mentioned the Butch Lewis Act laws; Tyler Bond, Analysis Director for the Nationwide Institute on Retirement Safety (NIRS), gave a presentation describing the position of public pensions in decreasing retirement inequality; Shaun O’Brien, AFSCME Coverage Director, offered an replace on public pensions; Ilana Boivie, Senior Economist with the Machinists Union (IAMAW), broke down each the pitfalls and the advantages of 401(okay) plans; and Calvin MacDowell, Senior Affiliate with Retirees AFT, spoke about “Pre-Retirement Workshops: Recruiting the Subsequent Wave of Retiree Activists.”

Video of the occasion and extra supplies can be found here.

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