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.
Raising Retirement will highlight current successes of the private retirement system and will focus on regulatory and practical solutions that increase retirement plan coverage by small business plan sponsors, promote portable benefits, and explore other benefits that can help workers stay on track for retirement.
It is an unfortunate fact that there are too many Americans inadequately prepared for retirement. According to...
On Tuesday, June 26th the Chamber, along with several trade associations, sent a joint letter to Senate Finance Committee Chairman Orrin Hatch and Ranking Member Ron Wyden. The joint letter is in support of the legislative proposal to expand the self-correction program be added to the Internal Revenue Service.
On June 25, 2018, the Chamber, along with several other trade assoicaitons, signed a joint letter to Employee Benefits Security Administration Assistant Secretary Preston Rutledge regarding missing and unresponsive participants.
TESTIMONY BEFORE THE UNITED STATES SENATE & UNITED STATES HOUSE OF REPRESENTATIVES JOINT SELECT COMMITTEE ON SOLVENCY OF MULTIEMPLOYER PENSION PLANS FOR THE HEARING ON: EMPLOYER PERSPECTIVES ON MULTIEMPLOYER PENSION PLANS
On Wednesday, June 18, the U.S. Chamber of Commerce released a report titled The Multiemployer Pension Plan Crisis: Businesses and Jobs at Risk. The report outlines the multiemployer pension plan crisis and what it will mean for employers, participants and beneficiaries, as well as the U.S. economy in general.
Defined benefit pension plans have long been favored for retirement because they promise a guaranteed level of income and don’t require individuals to manage assets...
This letter was sent to all members of the Senate in support of the nomination of Gordon Hartogensis to be Director of the Pension Benefit Guaranty Corporation (“PBGC”).
Several recent reports on the multiemployer pension system have underscored the depth of the financial crisis facing these plans.
Today the Joint Select Committee on Multiemployer Plans held a hearing on the financial condition of the Pension Benefit Guaranty...
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Weekly insights and analysis from the intersection of government and business.
