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.

Projects and Programs

 

 


Our Priorities

The Chamber will work with Congress and the administration to expand retirement coverage and security for Americans and ease administrative burdens for employers and plan sponsors.

Priorities

Promote policies that provide retirement security through private sector solutions
  • Work with Congress to increase retirement savings and security by making it easier for all employers and other private entities to offer retirement plans and retirement security solutions. 
  • Update employee benefit notices to provide meaningful information efficiently and effectively while protecting plan sponsors. 
  • Encourage employers to offer financial wellness programs suited to their employees’ demographics and needs while limiting compliance burdens. 
  • Modernize the multiemployer pension system through pension funding relief, including funding and governance reforms. 

 

Recent Activity

CommentMar 26, 2021 - 1:30pm

Comments to PBGC on Special Financial Assistance Program for Financially Troubled Multiemployer Plans

The Honorable Gordon Hartogensis Director Pension Benefit Guaranty Corporation 1200 K St NW

Above the FoldMar 25, 2021 - 10:15am
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At Least It’s a Start: Multiemployer Pension Relief

The latest in multiemployer policy.

Above the FoldMar 12, 2021 - 2:00pm
American rescue plan

How the American Rescue Plan Helps Businesses Help Themselves

Sometimes, the best solution is to give businesses the tools they need to help themselves.

EventJan 12, 2021 - 12:00pm to 1:00pm
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2021 State of American Business and Policy Power Hours

The event will explore how a united business community can rally a divided nation around a widespread economic recovery, restore good governance, and rebuild our economy for the future.

Letters to CongressDec 08, 2020 - 2:45pm

Coalition Letter on Single-Employer Pension Funding Stabilization Relief

This Coalition letter was sent to Subcommittee on Social Security, Pensions, and Family Policy Chairman Rob Portman and Ranking Member Sherrod Brown, on Single-Employer Pension Funding Stabilization Relief.

ArticleNov 18, 2020 - 3:15pm

Together We Are Stronger

Although short in length, Section 3608 of the CARES Act is a powerful tool for employers that sponsor defined benefit pension plans. Congress recognized that in these uncertain times, employers were facing a dilemma: make pension contributions (for obligations that won’t be due in years) or make payroll and other short term costs.

Issue BriefOct 14, 2020 - 11:30am

CRS Report: Policy Options for Multiemployer Defined Benefit Pension Plans

On October 14th, the Congressional Research Service released a report regarding policy options for multiemployer defined benefit plans. Please use the link above to read the full report. 

CommentOct 01, 2020 - 3:30pm

Coalition Letter to Treasury & IRS on Remote Notarization

Edward KillenActing CommissionerTax Exempt and Governmental Entities Division999 N. Capitol Street, NWWashington, DC 20224 Carol WeiserBenefits Tax CounselU.S. Department of the Treasury1500 Pennsylvania Avenue, NWWashington, DC 20220

CommentSep 21, 2020 - 1:00pm

Comments to DOL Regarding Registration Requirements for Pooled Plan Providers

Office of Regulatiosn and Interpretations,Employee Benefit Security AdministrationRoom N-5655U.S. Department of Labor200 Constitution Avenue NWWashington, DC 20201Re: Registration Requirements for Pooled Plan Providers, RIN 1210-AB94

ArticleSep 08, 2020 - 12:00pm

Congressional Inaction Costs Our Businesses and Our Jobs

“The most threatening issue to our company’s survival beyond 2020 may not be the pandemic, oil shocks, or civil unrest, but the failure to support and reform the multiemployer pension system.”