Democrats believe it should be easier for Americans to save for retirement and prepare for unforeseen risks and expenses. We will defend the right of workers to collect their defined benefit pensions and make sure workers get priority and protection when pension plans are in distress. Democrats will also fight to enact legislation to make sure that the earned pension benefits of Americans will not be cut, and will pay for it by closing tax loopholes that benefit millionaires and billionaires. We will fight against any attempt by Republicans in Congress or on Wall Street to roll back the Conflict of Interest Rule, which requires that retirement advisors put the best interests of their clients above their own financial gain.
Seniors should not have to choose between putting food on the table, keeping a roof over their heads, or buying the medication that they need to stay healthy. We strongly support the Older Americans Act, which funds critical programs to help seniors remain independent in their own homes and communities. We are also committed to fighting the immense problem of elder abuse, neglect, and exploitation.