Election Year Politics and Retirement Issues

 

 

                                DEMOCRATS            REPUBLICANS
 

Workplace retirement accounts

 

Increased pension portability

 

Push companies to provide annual disclosures to employees about pension investments

 

Make pension funding a priority in the event of corporate bankruptcy filings

 

CEOs can’t dump workers with one hand while lining their pockets with the other

 

Preserve Social Security and strengthen it

 

Focus on PBGC ($26B deficit in 2011)

 

Immediate remedial action to address underfunded public pension liabilities caused by irresponsible promises by politicians at every level of government

 

Comprehensive reform of Social Security

  • Raise age of retirement
  • Slow the rate of benefit growth for higher income earners
  • Allow younger workers to have personal investment accounts

 

Annual audit of the Federal Reserve

  • More transparency
  • Less potential for political influence

 

Study ways to set a fixed value for the dollar

 
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