Wednesday, September 15, 2010 (All day) - Friday, October 15, 2010 (All day)
Retirement USA – an initiative working toward a universal, secure, and adequate pension system for all Americans – is sponsoring “Wake Up, Washington!” Month, a speak-out about retirement security, which will take place from September 15 to October 15. The month will be a time for Americans across the country to tell lawmakers to keep their hands off of Social Security and to fix our patchwork private retirement system.
Full Committee Hearing - The Wobbly Stool: Retirement (In)security in America
For additional information and to watch the hearing live, visit the website for the Senate Committee on Health, Education, Labor and Pensions at http://help.senate.gov/.
At a press conference in Washington, D.C. today, Retirement USA released the Retirement Income Deficit – the gap between the pensions and retirement savings that American households have today and what they should have today to maintain their living standards in retirement. Using conservative assumptions, the Retirement Income Deficit is estimated to be $6.6 trillion. The figure was released as part of the launch of “Wake Up, Washington!” Month, a speak-out on retirement security, which runs from September 15 to October 15.
On October 21, 2009, Retirement USA held a conference, Re-Envisioning Retirement Security, in Washington, D.C. Labor Secretary Hilda Solis delivered the keynote address, and other notable speakers included Richard Trumka, president of the AFL-CIO; Anna Burger, SEIU secretary-treasurer and chair of Change to Win; and Pulitzer Prize-winning journalist David Cay Johnston.
Conference participants heard why a new private retirement system is needed; learned about the principles that should underlie a new system; and discussed proposals for a universal, secure, and adequate system for the future. Retirement USA is an initiative that is working to create a system that, along with Social Security, will provide universal, secure, and adequate retirement income to future retirees.
Retirement USA is collecting personal stories about people’s fears and concerns for retirement. Washington isn’t paying attention to the retirement concerns of workers and retirees, so we need to speak out. The stories will help show lawmakers the reality of the retirement income crisis.
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