Transcript

Audio Clip 1

"This is U.S. Secretary of Labor Elaine Chao.

"34 million Americans have a defined benefit pension plan paid for by their employer.

"The President is committed to making sure that the pension you've been promised by your employer will be there will be there when you retire.

"That's why he's proposed reforms to strengthen these plans and to make sure you know how much money is in your employer's pension plan for you.

"When it comes to your retirement, promises made, should be promises kept."

Audio Clip 2

"This is U.S. Secretary of Labor Elaine Chao.

"34 million Americans have defined benefit pension plans paid for by their employer.

"The President is committed to making sure that the money you've been promised will be there when you retire.

"His reform proposals will require employers to set aside more money in the single-employer, defined benefit pension plans.

"With the President's reforms, you'll also receive better, and more up-to-date financial information about your defined benefit plan.

"When it comes to your retirement, promises made, should be promises kept."