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

 

 

Recent Activity

TestimonyJun 13, 2018 - 2:45pm

Testimony: Employer Perspectives on Multiemployer Pension Plans 

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 

ReportJun 13, 2018 - 11:15am
Businesses and Jobs at Risk Report Cover Graphic

The Multiemployer Pension Plan Crisis: Businesses and Jobs at Risk

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.  

Op EdJun 13, 2018 - 11:00am

The Hill Op-ed: The Multiemployer Pension Crisis

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...

LetterJun 07, 2018 - 3:30pm

Nomination of Gordon Hartogensis to the Pension Benefit Guaranty Corporation (PBGC)

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”).

ArticleJun 07, 2018 - 11:30am
"Pension" made up of Scrabble tiles.

Just the Facts... The Multiemployer Pension System Needs a Fix

Several recent reports on the multiemployer pension system have underscored the depth of the financial crisis facing these plans.

May 17, 2018 - 12:00pm
Piggy bank on a green background.

PBGC Premiums Are Not The Answer

Today the Joint Select Committee on Multiemployer Plans held a hearing on the financial condition of the Pension Benefit Guaranty...

LetterMay 16, 2018 - 11:00am

Examining Proposals to Simplify and Modernize Retirement Plan Administration

This statement for the record was sent to all members of the House Education and Workforce Committee’s Subcommittee on Health, Education, Labor, and Pensions for a hearing today on “Enhancing Retirement Security: Examining Proposals to Simplify and Modernize Retirement Plan Administration.”

Press ReleaseApr 18, 2018 - 5:30pm

U.S. Chamber Statement on SEC Best-Interest Proposal Package

WASHINGTON, D.C. — U.S. Chamber Center for Capital Markets Competitiveness President and CEO David Hirschmann issued the following statement in response to today’s open meeting of the Securities and Exchange Commission (SEC): “We appreciate the efforts of the SEC that led to these proposals for a best-interest standard for all investors.

ArticleApr 11, 2018 - 5:15pm
Piggy bank on a green background.

Don’t Forget this Retirement Asset… Your Employer-Provided Retirement Plan

For most employees, one of their largest retirement assets is an employer-provided retirement plan...

ArticleMar 22, 2018 - 4:00pm

A Victory for Plan Sponsors

For almost a decade the Chamber has been warning the Department of Labor (DOL) of the dire consequences that would result from its rule...