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As the baby boom generation begins to leave the workforce, retirement security is one of the greatest challenges facing our nation. Social Security is the primary source of income for many older Americans and I am committed to ensuring its solvency so that it can remain as a guaranteed, inflation-proof benefit for seniors, the disabled and American families. However, a secure retirement requires a balance of three key components: Social Security, personal savings and retirement plans. |
I also am committed to helping Americans increase their retirement savings. As a member of the Senate Small Business Committee, I support easing the administrative, tax and regulatory barriers facing small businesses that want to provide pension plans to their workers.
I also have...
- Introduced legislation that was enacted into law allowing Americans to save more for retirement and giving them more control over their retirement savings plans;
- Supported strengthening Social Security so that it can continue to provide beneficiaries with full benefits beyond 2041; and,
- Committed to increasing the solvency of Social Security by reserving all accumulated surpluses in the Social Security Trust Fund to help defray future costs.
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Social Security and Medicare Press
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