Retirement and Pension

Priorities

Businesses in America, large and small, maintain a long-held commitment to providing voluntary benefits that support the welfare of their workers. As Americans live longer, healthier lives, retirement security becomes a greater concern.  The private employer-provided retirement system has contributed greatly to the current retirement security of millions of Americans.  The Chamber is committed to continuing  the success of the system and ensuring that employer-provided plans continue to play an important role in retirement security.

Issue areas:

Definition of a Fiduciary

Multiemployer Plan Funding

Pension Funding

Notice and Disclosure Requirements

State and Local Pension Underfunding

Financial Services Reform

Small Business Issues

Plan Fee Disclosure

Phased Retirement

Comments, Letters, and Testimony:

4/12/13 - Tax Reform - Statement for the Record to the House Committee on Ways and Means Tax Reform Working Group on Pensions and Retirement

4/12/13 - Tax Reform - Joint Statement to Working Group on Retirement

3/22/13 - SEAL Act - Support Letter 2013

3/5/13 - Statement for the Record – The Subcommittee on Health, Employment, Labor, and Pensions of the House Education and the Workforce Committee - Challenges Facing Multiemployer Pension Plans: Reviewing the Latest Findings by PBGC and GAO

2/20/13 - ERISA Advisory Council - Topics for 2013

1/31/13 - Statement for the Record - Senate HELP Hearing on Pension Savings: Are Workers Saving Enough for Retirement?

10/5/12 - Presidents Advisory Council on Financial Capability, Partnerships Subcommittee

9/20/12 - Statement for HELP Roundtable 2012

9/4/12 - Group Letter to Support H.R. 3287 (SEAL Act) Concerning 401 (k) Leakage

8/21/12 - Joint Response to SEC Regarding Money Market Fund Reform

7/12/12 - Recommendation for ERISA Advisory Council on the Nomination of James Merna

6/25/12 - Field Assistance Bulletin - Group Letter on Q&A 30 – Plan Fees

6/20/12 - Statement for the Record - EdWorkforce June2012

3/7/12 - Statement for the Record - Senate Aging Committee March2012 

2/2/12 - Statement for the Record - Subcommittee on Health, Employment, Labor and Pensions of the House Education and the Workforce Committee - Examining the Challenges Facing PBGC and Defined Benefit Pension Plans

11/2/11 - PBGC - Joint Letter on Premiums Nov2011

9/22/11 - Letter to DOL on the Definition of Fiduciary

9/15/11 - Stable Value Funds - Request for Extension

7/25/11 - Statement for the Record on The Power of Pensions- Senate HELP

6/24/11 - Comments to PBGC on Review of Premium Filings

6/14/11 - SEAL Act Support Letter 2011

6/14/11 - Statement for the Record - Ed&Workforce June 2011

6/6/11 - E-Delivery - Response to Request For Information - June 2011

6/6/11 - PBGC - Joint Letter on Premiums June 2011

4/29/11 - Comments to Treasury Regarding Reducing Regulatory Burden; Retrospective Review Under E.O. 13563—Request for Information

4/4/11 - Senate Letter on Proposals to Increase PBGC Premiums

4/4/11 - House Letter on Proposals to Increase PBGC Premiums

To view a complete list of the Chamber's recent comments click here:  http://www.uschamber.com/issues/comments

To view a complete list of the Chamber's recent letters to Capitol Hill click here: http://www.uschamber.com/issues/letters

Publications

U.S. Chamber of Commerce Health and Retirement Priorities for the 113th Congress:  the Year in Review and the Year Ahead

Private Retirement Benefits in the 21st Century:  A Path Forward