With Americans living longer, healthier, and more active lives, retirement planning and saving are more important than ever. Through employer-sponsored retirement plans, businesses can provide benefits to help support the long-term financial security of their employees.
The aging population is one of the largest demographics in the U.S. and accounts for a number of economic shifts. Here are four ways aging is changing in light of the COVID-19 pandemic.
The U.S. Chamber works to make it easier for employers to provide retirement plans and financial wellness programs for their employees. Working closely with leaders on Capitol Hill and key federal agencies, we advocate for legislation and regulations that ease administrative burdens and promote innovation in plans and services.
Small business advice from CO—
- WorkforceThe Future of Business and Higher EducationTuesday, November 0903:00 PM EST - 04:00 PM EST
- WorkforceTalent Forward: Lead on Talent, Lead the WorldTuesday, October 2602:00 PM EDT - 04:30 PM EDT
- InternationalVirtual InSTEP Discussion with Isiah Thomas, Chairman and CEO of Isiah InternationalThursday, October 2803:00 PM EDT - 04:00 PM EDT
- Mar 12, 2021How the American Rescue Plan Helps Businesses Help Themselves Sometimes, the best solution is to give businesses the tools they need to help themselves.
- Mar 02, 2021Employers' Letter of Support for the Multiemployer Pension Relief Provisions The Honorable Charles E. Schumer The Honorable Mitch McConnell Senate Majority Leader Senate Minority Leader
- Jan 21, 2021U.S. Chamber Supports Introduction of Emergency Pension Plan Relief Act of 2021 "The U.S. Chamber of Commerce supports Chairman Bobby Scott’s introduction of the Emergency Pension Plan Relief Act of 2021, which aims to protect workers’ and retirees’ pensions and the employers that contribute to them. Without a solution to the multiemployer pension funding crisis, pensions and jobs will be lost as employers and the Pension Benefit Guaranty Corporation face bankruptcy. Furthermore, without a legislative fix, employers that sponsor single-employer plans will face difficulties emerging from the economic damage of the COVID-19 pandemic which significantly increased pension contributions because of lower interest rates, a volatile market, and the decimation of certain industries."
- Dec 08, 2020Coalition 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.
- Nov 18, 2020Together 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.
- Oct 01, 2020Coalition 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 Stephen TackneyDeputy Associate Chief CounselInternal Revenue Service1111 Constitution Avenue, NWWashington, DC 20224 RE: Notice 2020- 42, Remote Notarization
- Sep 21, 2020Comments 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
- Sep 08, 2020Congressional 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.”
- Sep 02, 2020Coalition 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 The Honorable Chuck Schumer, Minority LeaderU.S. SenateWashington, D.C. 20510
- Aug 31, 2020Coalition 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: