Retirement

American businesses of every size maintain a long-held commitment to providing voluntary benefits that support the welfare of their workers. As Americans live longer, healthier, and more active lives, retirement security becomes a greater concern—particularly with the uncertainty surrounding government programs like Social Security. The private employer-provided retirement system has contributed significantly to the retirement needs of millions of seniors. The Chamber and its members are committed to continuing the success of the system and ensuring the long-term retirement security of Americans.

Search all Retirement content

Take Action

Protect Retirement Security

The U.S. Department of Labor (DOL) is currently working to redefine the definition of a fiduciary under the Employee Retirement Security Act (ERISA) by modifying what constitutes “investment advice.”

Unfortunately, this re-proposal is both more expansive and much more complicated than the DOL’s controversial 2010 proposal. It will have a disproportionate impact on low and moderate income Americans saving for retirement—especially employees of small businesses who save using products such as IRAs.

The Chamber is committed to working toward a rule that further protects investors while expanding, rather than unnecessarily limiting, access to investment advice and investment choices. Learn more about the threat to retirement security and add your voice to this important issue.

See What Others Are Saying

Businesses are speaking out about what this proposal means to them and the potential consequences for their employees.
Read Their Stories

Become a small business advocate

Join our efforts and help us explain to the Hill, the administration, and the media what being able to offer retirement benefits means to you and your employees.

Interested in writing op-eds, participating in events, and talking with press?
Contact us  

I am afraid...that the DOL's new "fiduciary" rule will cut [my employees] off from receiving critically important investment education and materials on investment options."

Todd Ewing

Share Your Story

Tell us about what being able to offer retirement benefits means to you and your employees. We will share your profile with lawmakers and regulators and highlight your story to show what it means if you could no longer provide retirement benefits to your employees.
SHARE YOUR STORY

Contact Your Officials

Let your representatives in Congress know you oppose the new fiduciary rule.

 

Share on Social Media

ccmc_infographic.jpg

The Threat to Small Business Retirement Savings Infographic
The Threat to Small Business Retirement Savings Infographic
 

Stretching its current regulatory authority over employer-provided retirement plans, the U.S. Department of Labor (DOL) proposed in April a new regulatory package that would put DOL in charge of financial advice provided to all Individual Retirement Accounts (IRAs) as well as to all private-sector, employer-provided retirement plans. This regulatory expansion would change the rules governing how financial advice is provided to roughly $15 trillion in retirement savings, putting DOL in charge. Unsurprisingly, this kind of sweeping change would result in a lot of unintended consequences.

 

 

Timeline

The latest updates across all U.S. Chamber properties

E.g., 01/21/2017
E.g., 01/21/2017
Event
Retirement event banner

On Friday, February 3, the U.S. Chamber of Commerce will host an event exploring what saving for retirement means for employers, workers and retirees in today's evolving landscape.

Friday, February 3, 2017 - 8:00am
Issue Brief
 
2017 RETIREMENT POLICY RECOMMENDATIONS
 
U.S. Chamber Staff Contacts
  • Randel Johnson, Senior Vice President, Labor, Immigration & Employee Benefits 
  • Aliya Wong, Executive Director, Retirement Policy
Thursday, December 15, 2016 - 1:45pm
Comment

 

December 5, 2016

Submitted Electronically – e-ORI@dol.gov
Office of Regulations and Interpretations
Attn: RIN 1210-AB63
Annual Reporting and Disclosure
Room N-5655
Employee Benefits Security Administration
U.S. Department of Labor
200 Constitution Ave., NW
Washington, DC 20210

Re: Notice of Proposed Rule Annual Reporting and Disclosure; Notice of Proposed Forms Revisions (RIN 1210-AB63)

Ladies and Gentlemen:

Monday, December 5, 2016 - 5:00pm
Comment

 

November 21, 2016

Submitted via the Federal eRulemaking Portal: www.regulations.gov
Regulatory Affairs Group
Office of the General Counsel
Pension Benefit Guaranty Corporation
1200 K Street NW
Washington, D.C. 20005–4026

RE: RIN 1212-AB13 - Missing Participants Proposed Rule

To Whom It May Concern:

Monday, November 21, 2016 - 5:45pm
Above the Fold
A viewing party for the third U.S. presidential debate in San Francisco, Cal.

At the third presidential debate Americans finally heard a question on reforming Social Security, Medicare, and Medicaid.

Thursday, October 20, 2016 - 2:45pm
Comment

This comment letter was submitted no behalf of the U.S. Chamber of Commerce in response to the Department of Labor's request for comment regarding savings arrangements established by state political subdivisions for non-governmental Employees that was published in the Federal Register on August 30, 2016. 

 

September 29, 2016

Thursday, September 29, 2016 - 5:30pm
Comment

This comment letter was sent to the Employee Benefits Security Administration requesting an extension of the comment period from 75 days to 180 days regarding the agency's proposal to make changes to the Form 5500 reporting requirements. 

August 30, 2016

Office of Regulations and Interpretations
Employee Benefits Security Administration
U.S. Department of Labor
200 Constitution Ave., NW, Room N-5655
Washington, DC 20210

Re: Comment Period for Form 5500: Annual Reporting and Disclosure – RIN 1210-AB63

Friday, September 9, 2016 - 4:45pm
Letter

This letter supporting discussion draft legislation to authorize multiemployer pension composite plans was sent to Chairman Kline, as well as the House Committee on Education and the Workforce, House Committee on Ways and Means, Senate Committee on Finance, and Senate Committee on Health, Education, Labor, and Pensions.

Friday, September 9, 2016 - 12:00pm