Bar practice of keeping retirement funds in company stock
We must protect the retirement security of America's workers and their families. Workers should never lose all their savings because their employer locked those savings into the company's own stock.
We will bar that practice. We need to require honest information and full disclosure, and protect older workers from unfair treatment when their benefits are converted to cash balance plans.
Source: The Democratic Platform for America, p.23
Jul 10, 2004
Oppose privatization and oppose raising retirement age
We are absolutely committed to preserving Social Security. It is a compact across the generations that has helped tens of millions of Americans live their retirement years in dignity instead of poverty. Democrats believe in the progressive, guaranteed
benefit that has ensured that seniors and people with disabilities receive a benefit not subject to the whims of the market or the economy. We oppose privatizing Social Security or raising the retirement age.
We oppose reducing the benefits earned by workers just because they have also earned a benefit from certain public retirement plans. We will repeal discriminatory laws that penalize some retired workers and their families while allowing others to receive
full benefits. Because the massive deficits under the Bush Administration have raided hundreds of billions of dollars from Social Security, the most important step we can take to strengthen Social Security is to restore fiscal responsibility.
Gore is committed to making Social Security safe for more than half a century by using savings from our current prosperity to strengthen the Trust Fund in preparation for the retirement of the Baby Boom generation.
Gore has proposed Retirement Savings Plus - voluntary, tax-free, personally-controlled, privately-managed savings accounts with a government match that would help couples build a nest egg of up to $400,000.
Source: Democratic National Platform
Aug 15, 2000
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