The Generations Together
campaign will engage voters in key states and
congressional districts in order to educate the public
on the need for
Congress to act now; to dispel attacks by opponents; and to demonstrate how
reform
will give younger workers a chance to build a nest egg for retirement,
while protecting the benefits
of today's retirees and those who are on the
verge of retirement.
coworkers fairness
Representative J.
delco rsea
CoMPASS is a 501 (c)(4) with the mission of educating the
public on, and advocating for, fundamental
Social Security reform.cibc retirees
C., Thousands of members of SEIU
Local 1000 wrote to Gov.This category features
organizations of seniors focusing on a specific group of retirees.
roadway cibc
This reform is all about meeting
our obligations to existing seniors while at
the same time creating a solvent and vibrant system
for our grandchildren
without handing them an unacceptable tax burden. Chamber of Commerce, National
Association of Wholesaler-Distributors, Alliance for Worker Retirement
Security and 60 Plus Association
, among others.State Employees Take a Stand for Secure Retirements
The event featured workers writing
personal notes about their retirement "nest eggs," which will be stuffed
inside colorful Easter
eggs and delivered to the governor as well as
legislators voting next month on ACA 5, a Schwarzenegger
-backed bill by Sen.retirees daimlerchrysler
National Business Coalition Launches Generations Together Campaign to Build Support
for Social Security Reform
The governor's proposals
would mean fewer employees contributing
to the current plan, a smaller pool of
benefits and weakened CalPERS investment strength.pensioners rsea
Schwarzenegger
today to tell him what they plan to do
with their modest retirements, which could be in jeopardy
if his proposals to
move new workers to risky 401(k)-style retirement plans succeed. The individual
-risk switch would also cost
taxpayers a quality public workforce: with many public-sector jobs paying
less than private industry, a secure pension plan helps recruit and retain
qualified workers to
public service.raytheon 515
"I wrote that I hope to retire somewhere affordable in California, but
with
these attacks there may not be any benefits left by the time I retire,"
said Donna Debaecke, an Unemployment
Insurance Appeals Board management
services technician participating at a San Francisco worksite
event, who noted
that the average state pension is only about $1,600 according to CalPERS.18 percent
of assets, while
administering individual-risk accounts can cost as much as 2 percent of
assets
, according to CalPERS.daimlerchrysler raytheon
Senator Don Nickles and Sam Beard, who served on
the President's Commission
to Strengthen Social Security (CSSS).
"Important changes need to be made to save Social Security
's guaranteed
safety net and social insurance," Beard added.lucent unisys
"America's future depends on acting
now to reform Social Security for
tomorrow's workers," said Nickles, a prominent Republican who served
as
assistant majority leader in the Senate. Plus the new individual-risk accounts
would not allow
for inflation adjustments or death and disability benefits,
which are included in the current system
.433 retirees
"At the same time, for young
workers, we can begin savings accounts as part of future Social Security
."
In addition to Business Roundtable, the coalition's members represent a
broad range of associations
, including the U.net.
Gov.retired retirees
The campaign will be active next week as members return to their home
districts. Castellani, president of Business Roundtable, a CoMPASS member.opa retirees
"Retirement security
is a critically important issue for employees,
retirees and employers," Castellani added.retirees opa
S. "A strong
retirement system is
vital to ensuring that we have a vibrant, growing economy that creates jobs
for American workers.generationstogether. Schwarzenegger's proposals don't make sense, unless he
's just trying to
get more business for his Wall Street financial friends," said SEIU Local 1000
President
Jim Hard, an Employment Development Department employment program
representative.fairness cibc
S.
-- Costing
taxpayers more on many levels.socializing rsea
S."
"The best solution will strengthen the Social Security system
for the long
term, protect benefits for seniors and those nearing retirement, and offer
voluntary
personal retirement accounts for today's younger workers," said John
J.retired unisys
Thousands of SEIU Local
1000 Members Join With Other SEIU Locals to Tell
Governor, 'Hands Off Our Nest
Eggs'
SACRAMENTO, Calif.roadway 1818
"After the baby boomers
retire, there will only be two workers
to support one retiree.
Keith Richman (R-Granada Hills) to dismantle public employees' current secure
retirement system.
-- Jeopardizing secure retirements for everyone in public retirement
systems
including current retirees and employees.opa 515
New CoMPASS Project Includes Grassroots Education and
Outreach,
Advertising and Media Outreach in Key States
WASHINGTON, A
broad national coalition of leading
business and industry groups today kicked off its new Generations
Together
campaign in key states and congressional districts nationwide to educate the
public about
the need for Social Security reform.
A national CoMPASS advisory board, which will guide the
campaign, is led
by two co-chairs, former U.
For more information, visit http://www.pensioners narf
Generations Together (http://www. The governor's proposals ignore the facts that those in
riskier
defined-contribution plans yield lower returns than stable pension
plans, according to the Dalbar
and Watson Wyatt financial consulting firms,
and that retirees with pensions have income for life
, while individual-risk
accounts can run out long before death..coworkers rpa
"The Generations Together
campaign will help educate the American people
on the importance of reforming Social Security now
, to ensure that our system
will be viable for future generations," said Derrick Max, executive director
of the Coalition for the Modernization and Protection of America's Social
Security (CoMPASS).
Watts, who served as the
fourth-ranking Republican leader in the House, and Leanne Abdnor, Executive
Director of Women for Social Security Choice and a former CSSS member, among
others.
"Higher costs to taxpayers, fewer employees to provide vital services ."
SEIU Local 1000
represents 89,000 rank-and-file state employees.oig daimlerchrysler
The group today began running print ads in Washington
, DC publications. The advisory
board also includes former U. "Those who are afraid to take on this
issue are passing the buck to future Congresses -- and passing the bill for
severe tax hikes and
serious benefit cuts on to our children and
grandchildren.
State employees like Debaecke worry
that the governor's attacks on public
employees' pensions will have detrimental effects on current
employees and
retirees, new workers, and taxpayers, including:
-- Outlawing stable defined
-benefit plans and mandating risky 401(k)-style
accounts for all new public employees, including positions
not covered by
Social Security.rsea delco
The Generations Together campaign launches just as Congress
is about to
begin its first recess period since President Bush outlined his goals for
Social Security
reform in the State of the Union address earlier this month. A
national advertising campaign in support
of Social Security reform is also
planned.net) is a project of
the Coalition for the Modernization
and Protection of America's Social
Security (CoMPASS).
State employees joined public employees
in other SEIU locals for the
statewide "Hands Off Our Nest Egg" event.opa unisys
It's important to act now
. "Californians need improved public services, not attacks on
those who provide them.515 retired
"
"In
2005, we have the opportunity to strengthen Social Security and open
savings opportunities for all
Americans," said Beard.generationstogether. In addition to millions in
start-up costs, the governor
's proposals would require running two pension
systems with the individual-risk accounts costing more
to manage: the average
cost of administering the current plan is 0..oig retired
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