Senator Tom Harkin delivers floor statement in support of Retirement USA

Mr. HARKIN. Madam President, I rise today to speak out in support of Retirement  USA’s ‘‘Wake Up, Washington!’’ Month and to wake up my colleagues to the looming retirement crisis in this country. The public has already woken up. A recent survey found that 92 percent of adults aged 44 to 75 believe there is a retirement crisis in America.   Now it is time for Congress to address this crisis before it is too late.

We are already seeing the beginnings of the retirement crisis. Just look at all of the older Americans forced to delay retirement or go back into the workforce because of the economic downturn. If we do not change course, it is going to get much worse.

Next year, the first baby boomers will turn 65, and it is clear that many are not prepared for retirement. According to the Employee Benefit Research Institute, nearly one-half of them are at risk of not having sufficient retirement resources to pay for basic retirement expenditures and uninsured healthcare costs.

The picture is not any better for the rest of American workers. Thirty-one percent of workers do not have any retirement savings at all, and 43 percent of workers have less than $10,000. If those numbers are not sobering enough, the Center for Retirement Research at Boston College calculated America’s retirement income deficit for Retirement USA. They estimate that the gap between what people need for retirement and what they actually have is $6.6 trillion. That is a scary number.

There simply is no question that retirement is getting less and less secure in this country.  In the past, people relied on the ‘‘three-legged stool’’ of retirement security—private   pensions, personal savings, and Social Security— but that stool has gotten awfully wobbly. Over 40 percent of workers lack access to any employer-sponsored retirement plan at all, the rising cost of living and stagnant wages are making it tougher for people to save, and our Social Security system is under attack.

It used to be that many workers could rely on defined benefit pensions. Those plans are one of the best ways to ensure that workers have a secure retirement because they provide a predictable, guaranteed source of income that workers can count on for the duration of their lives. But, unfortunately, the traditional defined benefit pension is an endangered species. The number of employers offering these plans has fallen drastically over the past three decades. Now, less than 20 percent of workers in the private sector have the security of a defined benefit pension.

The vast majority of employees with any retirement plan at all just have a 401(k), but those plans do not provide real retirement security. They leave workers exposed to the constant risk that the plans’ investments will perform poorly. Look at what has happened to people’s 401(k)s over the past few years. Billions of dollars of retirement savings have just evaporated, and lots of workers—especially people getting close to retirement—saw any chance they had of retiring vanish overnight. 401(k)s also do not provide workers with guaranteed lifetime income like traditional pension plans. That means that workers and their families are forced to bear the risk that they will outlive their retirement savings.

Plus, in these troubled economic times, families are facing unprecedented challenges and saving for retirement just is not an option for many. Wages have been stagnant for years, yet the cost of living keeps going up. People are working harder and longer than ever before, but they still cannot seem to meet the costs of basic everyday needs, like education, transportation, and housing, let alone save enough to support them in their old age.

For many Americans, the only retirement security they have is Social Security, but that, too, is under siege. There are those that want to privatize the system, cut back benefits, and raise the retirement age. They say that everyone should just work longer and that retirement is a ‘‘luxury.’’ Clearly, those people do not swing a hammer for a living. They do not toil in our corn fields or work on our oil rigs. For Americans who work in these physically demanding jobs, working longer simply is not an option. A lifetime of hard work takes its toll, and at some point, a person just cannot do it anymore.

We are facing a future where no one other than the rich will have the opportunity for a safe and secure retirement. People that work hard for their entire lives will find themselves teetering on the brink of poverty, unable to pay the basic costs of living. That is going to have drastic consequences for families and our country as a whole. It is time for our Nation to face the retirement crisis head on, and for our lawmakers to take aggressive action to protect future generations. We can start by working on some fixes for the current system. We need to shore up the Pension Benefit Guaranty Corporation, protect Social Security, and address the problems facing the Nation’s corporate and multiemployer pension plans. We should also consider improvements to 401(k) plans like improved disclosures and lifetime income solutions. But all of those things are just short-term fixes.

We need to go further. We need to work toward comprehensive reform of our retirement system. Americans who have worked hard and played by the rules deserve a secure retirement. They deserve to be able to enjoy their golden years, to spend time with their families, and to rest after a lifetime of hard work. We need to help people to work toward a secure retirement by expanding access to retirement plans, making it easier for workers to save, and finding ways to make sure they do not have to worry about outliving their savings.

The retirement crisis is just too big to ignore, so as chairman of the Committee on Health, Education, Labor and Pensions, I am making retirement security a priority. The committee will be holding a series of hearings to explore the difficult issues surrounding retirement security, and I am hopeful that, together with my colleagues on both sides of the aisle, we will be able to come up with creative solutions to our Nation’s retirement challenges.


Call Girls in Mahipalpur

If you have come from the West and you are captivated by the Asian beauty, in that case, we make sure that you get the best Call Girls in Mahipalpur to help you taste the Asian flavor in the best way. At Mahipalpur, we make sure that you are getting one heck of an experience with our girls. So, no matter whether it is official meeting or bachelor party, we are there for all your needs. Visit:- Here

drug rehab recovery drug rehab centers drug rehab

drug rehabilitation drug rehab centers drug rehab drug rehab free drug rehab drug rehab centers drug rehab center drug rehab centers best drug rehab programs drug rehab tx drug rehab centers

rehab drugs drug rehab centers drug rehab

drug addiction rehab centers drug rehab services free drug rehab drug rehab centers drug rehab near me drug rehab drug rehab program drug rehab drug rehab drug rehab centers drug rehab

drug rehab near me drug treatment rehab drug rehab programs

drug rehab free drug rehab drug rehab drug rehab drug rehab drug rehab drug rehab recovery drug rehab drug rehab drug rehab facilities drug rehab centers

drug rehab centers drug rehab facility drug rehab near me

inpatient drug rehab centers drug rehab centers drug rehab treatment local drug rehab drug rehab tx drug rehab centers drug rehab centers drug rehab inpatient drug rehab centers drug rehab facility drug rehab

drug rehab centers drug rehab facility drug rehab

drug rehab center drug rehab treatment center drug rehab drug rehab centers drug addiction rehab centers drug rehab centers drug rehab centers drug rehab drug rehab centers rehab drugs drug rehab centers

call girls in Mumbai

<a href=” rel="nofollow” >Independent escorts in Mumbai</a> The complete journey from finding a girl to setting a date till enjoying with her remains smooth and hazardless. As you become very clear about the charges written on the websites or app screens, you can choose services according to your needs and ask for a customization virtually. You stay out of the tension of being overcharged or taking extra as the hidden cost. This gives more confidence to the persons looking for spicy, colorful and unforgettable Mumbai escort service.

call girls in Mumbai

Mumbai Escorts

<a href="" rel="nofollow">escort agency in Mumbai</a>  

call girls in Mumbai

<a href="">Female escort Mumbai</a><a href=""> Escorts Mumbai</a><a href=""> Mumbai Escorts</a><a href="">Call girls in  Mumbai</a><a href=""> Mumbai call girls </a><a href="">Escort service in Mumbai</a><a href="">Mumbai escorts services</a><a href=""> Escorts in Mumbai</a> <a href="">Independent escorts in Mumbai</a>

Rubi Rai

Rubi Rai is a best female escort agency in chandigarh for the instant hiring of call girls. Feel free to contact us now.

Jiya Khan

Hire the hot and sexy call girls in chandigarh from the leading female escort agency at lowest price. Call us now at 7837498262.

Book Kolkata Call Girls

Go ahead with a booking Kolkata call girls to understand more about the pleasures of a happening date! Heaps of obscure things in your professional and own life, make you just tired of living.Kolkata Escort GirlsSalt Lake Escorts Park Street Call Girls Dumdum Escorts

Mumbai Escort Service

The sense of professionalism present Mumbai Escorts Angels is something that has always impressed several clients and made them feel really very happy.

High Class Mumbai Escorts

High Class Mumbai Escorts remain in playful mood and always willing to serve their clients with their very best treatments.

Web Tasarim ve Seo

adana seo web tasarımı adana temizlik firması antalya halı yıkama antalya halı yıkama adana halı yıkama kuru temizleme evden eve nakliyat evden eve nakliyat evden eve nakliyat oto ekspertiz oto döşeme protez tırnak toner dolumu baskılı poşet halı poşeti koltuk yıkama halı poşeti halı yıkama makinası halı sıkma makinası مكينة هايكاما لغسيل السجاد الاوتماتيكية  موديلات مكائن غسيل السجاد موديلات مكائن غسيل السجاد أسعار مكائن غسيل السجاد المستعملة مكنة غسل السجاد قائمة الاسعار ارخص مكنة لغسل السجاد  مكائن تنظيف السجاد ذو النوع الصناعي  موديلات مكائن غسيل السجاد  مكنة عصر السجاد   مكنة غسل وتنشيف السجاد مكنة غسل السجاد المستعمة أسعار موديلات مكائن غسيل السجاد سعر معمل غسيل السجاد افضل مكنة لغسل السجاد  موديلات مكائن غسيل السجاد  amerika vizesi ingiltere vizesi hollanda vizesi kanada vizesi almanya vizesi yunanistan vizesi fransa vizesi italya vizesi isvicre vizesi cat iş makinası yedek parça volvo iş makinası yedek parça liebherr iş makinası yedek parça doosan iş makinası yedek parça hyundai iş makinası yedek parça new hollanda iş makinası yedek parça jcb iş makinası yedek parça komatsu iş makinası yedek parça hitachi iş makinası yedek parça case iş makinası yedek parça

Mumbai Escorts Model

Mumbai Escorts Model, seductive and erotic females are able to provide great care of you.  they damsels know the adult tricks which make the men pleased on bed.

High Class Escort Service in Kolkata

If you want to go clubbing, we are there, you want to journey and anticipate us to be with you then your search is over and hot kolkata escort girls satisfied to please you the way you want and the way you like.Kolkata Escort Photos Independent Kolkata Escorts Salt Lake Call Girls Park Street Escort Service 


Thank you for this helpful information, keep on providing the best informationAgen PokerDewaPokerPokerDewaBandar Ceme


 Interesting post in this site.. Has interesting ideas and is very usefull.Bandar CemeCeme OnlineCeme Terpercaya

This was a great and

This was a great and interesting article to read. I have really enjoyed all of this very cool information<a href="">musclessize</a> <a href="">About us</a>

Escort Service

Very helpful for us because it can add knowledge and insight.Udaipur EscortsLudhiana EscortsJaipur EscortsAmritsar Escorts

Escorts Service in Gurgaon

Hey there, I’m Riya. I live in Gurgaon. I work as Escorts in Gurgaon. Here in Gurgaon Escorts Agency girls are recruited every month. All our girls are Young and beautiful. Gurgaon Escorts girls are very famous for the world-class Services. Escorts Service in Gurgaon provides Independent girls, Model girls, Air hostess, College girls and Housewives. Female Escorts in Gurgaon 

Bigpond mail tech support 1800-021-482

Bigpond is one of the best webmail servers offer emailing service provider. It offers the most prominent and best technical support and it is very easy to get by simply using Bigpond Technical Support Number.  

QuickBooks Support

QuickBooks is an accounting softwre which is so famous across the globe. QuickBooks has Various Service which makes it unique from others. So, facing any issues Contact QuickBooks 24/7 Support Phone Number +1-800-586-6158 toll-free

agen domino

QuickBooks Enterprise Support Phone Number 1-800-449-0204

Troubleshooting with QuickBooks is one of the most valuable skills that any user can possess. One of the best ways to develop this skill is by practicing and learning more about the common problems that are found with the QuickBooks software. While these are common QuickBooks problems, they are just a few of the ones that a user may experience. If you find that you can’t’ solve about how to improve your troubleshooting skills or about QuickBooks in general, be sure to contact us QuickBooks Enterprise Support today. We are prepared to offer valuable information that will help improve the benefit that any company receives from QuickBooks.

Surat Escorts Call Girls in Surat Independent Surat Escorts

The Andheri Escorts organization provides expert and wonderful ladies for your greatest satisfaction and entertainment throughout the Andheri place such as Colaba, Navi Andheri, Vashi and Main Area. The Andheri Escorts are well known to be plenty of sexy fun! We put a lot of attempt in choosing the best women for My Clint.Welcome to our organization and we wish you will have many enjoyable encounters with Andheri Escorts. So rest, rest again and definitely take your efforts as well as to understand more about this charming online boudoir! If you have any essential concerns then please contact or e-mail. We will response your contact or try and get for you personally as soon as possible by e-mail. We examine e-mails consistently but sometimes it might be better to, especially if you are looking for a reservation in the next couple of time. When mailing please offer as much information as you can about the suggested reservation Andheri Escorts Service,Independent Andheri Escorts extremely pleased to guarantee you that all images of the Escorts are authentic images of women you will get from Whatsapp and e-mail, first and foremost the speech on the other end of the device has definitely met every one of the Separate Andheri Escorts. As well as Call Girls in Andheri . We respect this as very essential and amazingly unusual in the Companion Support in Andheri .Call Girls in Andheri  had been in this company several decades. Eventually we have always made sure we signify fun, heated and eye-catching women at our organization. We have many customers that have consistently used our organization for a long time. We are thankful for their company and we regularly observe reviews from our frequent customers. We always react to this reviews, as we think it is very essential what our customers think.Andheri EscortsIndependent Andheri EscortsCall Girls in AndheriAndheri Escorts ServiceAhmedabad EscortsAhmedabad EscortsAhmedabad EscortsAhmedabad EscortsAhmedabad EscortsAndheri EscortsAndheri EscortsAndheri EscortsAndheri EscortsAndheri EscortsAurangabad EscortsBilaspur EscortsChhattisgarh EscortsDaman EscortsDaman EscortsDaman EscortsDiu EscortsGujarat EscortsGujarat EscortsGujarat EscortsJamshedpur EscortsJamshedpur EscortsJamshedpur EscortsMumbai EscortsMumbai EscortsRaipur EscortsRohini EscortsRohini EscortsRourkela EscortsRourkela EscortsSurat EscortsSurat EscortsSurat EscortsSurat EscortsVapi EscortsVashi EscortsVashi EscortsVashi EscortsVashi Escorts

This is really good as seen

This is really good as seen in different aspects. I am not against this and great to read this. Gurgaon Escorts

Hey very nice website!! Man

Hey very nice website!! Man .. Beautiful .. Amazing .. I’ll bookmark your blog and take the feeds also…I’m happy to find a lot of useful information here in the post, we need work out more strategies in this regard, thanks for sharing Domino Qiu Qiu Agen Domino Domino Online Agen Domino Terpercaya Agen Domino Qiu Qiu Agen Domino Online Agen Domino QQ Menang Bandar Ceme Bandar Ceme

Obat Herbal

Thanks for the information, very useful I am very glad to have gotten very useful information best regards and thanks Obat herbal osteoporosis Obat Herbal Campak Obat Sakit Tenggorokan Obat Luka Diabetes Obat Herbal Prurigo

Independent Kolkata Escort

Model Call Girls Escorts Service in Kolkata<a href="" rel="dofollow">Kolkata Escorts</a><a href="" rel="dofollow">Escorts in Kolkata</a><a href="" rel="dofollow">Independent Kolkata Escort</a><a href="" rel="dofollow">Kolkata Escorts Services</a><a href="" rel="dofollow">Independent Kolkata Escort</a>

Agen Domino Poker Terpercaya

Daftar Bandar Domino qq Terbaik

Escort service in Delhi

sachi Sharma is a high-class luxury and premium independent escorts service in Delhi offering sexy Delhi escort Girls, models and cheap rate call girls for incalls and outcalls and travel arrangements. Female companions available 24/7 for business events, tour guide and much more.

More Attractive Sexy Independent Bangalore Escorts

Our Independent Bangalore Escorts are sufficiently refined to go to a business capacity, and sufficiently carefree that they can relax and move the night away. Connect with Us +91-8147349718 , 9205915046

Call Girls In Gurgaon

I have a great idea about the blog that I am thankful to the blog for you.<a href=""> Gurgaon Escort Photo Gallery</a><a href=""> Escorts In Gurgaon Price</a> <a href=""> Call Girls In Gurgaon</a><a href=""> Russian Escort Service In Gurgaon</a> <a href=""> Escort Service In Gurgaon</a>

QuickBooks help

Get instant and complete solution for QuickBooks errors with QuickBooks Help

Post new comment

  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
Refresh Type the characters you see in this picture. Type the characters you see in the picture; if you can't read them, submit the form and a new image will be generated. Not case sensitive.  Switch to audio verification.