Alert
Close

How Does Your Brain Score? Take the Staying Sharp Brain Health Assessment

Statement by AARP Federal Affairs Director David Certner in Opposition to Proposed Treasury Department Regulations on Cash Balance Pension Plans

AARP joins the more than 200 Members of the House and Senate in urging the President to withdraw the Treasury Department's proposals for cash balance pension plans. If enacted, these regulations would undermine the retirement security of millions of midlife and older workers.

The proposed regulations would be devastating to the pensions and retirement plans of older workers. Employers who convert from a traditional plan to a "cash balance" plan would be able to significantly reduce future benefits as well as discontinue crediting the pension accounts of their older workers for long periods of time.

AARP urges the Treasury Department to withdraw the proposed cash balance regulations and adopt new regulations that bring these types of plans into compliance with the laws against age discrimination and protect the pension benefits and retirement security of older workers.

Search Press Center

MEDIA CONTACTS

If you are an AARP member and not with the press, call 1-888-OUR-AARP or email member@aarp.org.

 

For media inquiries, please contact the AARP Media Relations Office at (202) 434-2560 or media@aarp.org.

 

Facebook: AARP Media Relations

Twitter: @aarpmedia

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

 

Member Benefits AT&T Wireless Cell Phone

Members save 10% on the monthly service charge of qualified AT&T wireless plans.

Member Benefit AARP Regal 2

Members pay $9.50 for Regal ePremiere Tickets purchased online.

Walgreens 1 discount membership aarp

Members earn points on select Walgreens-brand health and wellness products.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement