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

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.”

Letters to CongressSep 02, 2020 - 11:45am

Coalition Letter on Multiemployer Pension Crisis

September 2, 2020 The Honorable Nancy Pelosi, SpeakerU.S. House of RepresentativesWashington, D.C. 20515 The Honorable Mitch McConnell, Majority LeaderU.S. SenateWashington, D.C. 20510 The Honorable Kevin McCarthy, Minority LeaderU.S. House of RepresentativesWashington, D.C. 20515

CommentAug 31, 2020 - 3:30pm

Coalition Comment Letter to Treasury and IRS re: Contribution Due Date Under CARES ACT Section 3608

Mr. Stephen TackneyDeputy Associate Chief CounselTax Exempt and Government Entities [TE/GE]Office of the Associate Chief Counsel (Employee Benefits, Exempt Organizations, and EmploymentTaxes)Internal Revenue Service1111 Constitution Ave NWWashington, DC 20224 RE: Contribution Due Date Under CARES ACT Section 360 8 Dear Mr. Tackney:

CommentJul 22, 2020 - 11:15am

Comments to DOL Regarding Prohibited Transactions Involving Pooled Employer Plans.

Office of Regulations and Interpretations, Employee Benefit Security AdministrationRoom N -5655U.S. Department of Labor200 Constitution Avenue NWWashington, DC 20201 Re: Prohibited Transactions Involving Pooled Employer Plans Under the SECURE Act andOther Multiple Employer Plans –RIN: 1210 –ZA28 To Whom It May Concern:

Letters to CongressMay 13, 2020 - 2:30pm

Coalition Letter Regarding Single Employer Funding Relief

May 13, 2020 TO THE MEMBERS OF THE UNITED STATES CONGRESS:

CommentMay 01, 2020 - 2:30pm

Letter to OMB Supporting DOL's Proposed Rule Regarding Default Electronic Disclosure by Employee Pension Benefit Plans

The Honorable Russ VoughtActing DirectorThe Office of Management and Budget725 17 th Street, NWWashington, DC 20503 Re: Support for the DOL’s Final Rule Regarding Default Electronic Disclosureby Employee Pension Benefit Plans Under ERI SA, RIN1210 -AB90 Dear Acting Director Vought: