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EBSA News Release: [03/23/2005]
Contact Name: Eryn
Witcher or Gloria Della
Phone Number: 202-693-4676
Release Number:
05-505-NAT
Statement of U.S. Secretary of Labor Elaine L. Chao At
Meeting of Social Security and Medicare Board of Trustees
WASHINGTON — U.S. Secretary of Labor Elaine L. Chao released
the following statement after today's meeting of the Social Security and
Medicare Board of Trustees:
"Today's report reinforces the sobering message that unless a solution
is enacted soon, the Baby Boomers' retirements will bust Social Security.
"As the President is urging and this report attests: we need a
permanent and swift solution so that future generations can count on Social
Security to be there for them too."
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