Red Lake Falls
will stop Bush Administration plan to privatize Social Security.
continue to push for Social Security privatization; this year’s
President’s budget includes private accounts, the Administration’s
July budget update includes this risky scheme, and Republicans talk about
Social Security “reform” as a priority for 2007.
benefits for middle-class Americans by more than 40 percent for
future retirees, even if you do not open a risky private account.
trillions of dollars from the Social Security Trust Fund, threatening
the national debt by about $5 trillion over 20 years, endangering our
economy and increasing our borrowing from foreign nations.
solution to strengthen Social Security, once risky private accounts are
off the table.
Republicans from raiding the Social Security Trust Fund surplus.
will enact real pension reform to protect employees’ financial security
from CEO corruption and mismanagement.
retirement plans are at risk, with corporate bankruptcies -- by companies
like United Airlines -- cutting pension benefits for workers and even
profitable companies abandoning pensions or cutting benefits.
executives are enjoying lavish retirements, including Exxon Mobil’s
outgoing CEO, R. Lee Raymond with a retirement package of $400 million.
The Bush Administration continues
to push polices that force Americans to save for retirement on their own
and erode their retirement security.
bankruptcy and pension laws to prevent companies from unfairly dumping
certain that employees receive the benefits they have been promised after
a lifetime of hard work; if employee benefits are cut, executives should
face similar restrictions.
longtime, older employees when a company moves from a traditional pension
to a cash balance plan.
will expand retirement savings.
Families are increasingly on
their own, when it comes to retirement savings.
The percentage of people in
employer-sponsored retirement plans dropped from 50 percent to 48 percent
from 2001 to 2004. [CRS]
households owned at least one retirement account in 2004 -- whether an
individual retirement account (IRA), a 401(k) plan, or other
employment-based savings plan -- compared with 2001. [CRS]
nearly 100 million Americans with the opportunity to create a retirement
nest egg, through matching dollar-for-dollar the first $1,000 contributed
to an IRA, 401(k).
tax credits for small businesses to set up employees’ retirement
accounts and simplify and strengthen retirement savings opportunities,
including encouraging automatic enrollment in