Sam Gejdenson: “It says the President should have a study. But we know what we need to do on retirement protection. There is legislation…”

“It says the President should have a study. But we know what we need to do on retirement protection. There is legislation that I have authored, and others. Fifty-one million Americans do not have pensions today. Women, one-third of them are covered by pensions at age 55, and that is wrong. Women retirees are in systems that provide lower benefits. Women are less than half as likely as men to work in jobs that are covered by pensions. Twelve million women work for small firms who simply do not have pensions at all. Mr. Speaker, the Republicans when they were in the minority used to attack us for having studies. That is what they have turned out to do now. We are going to study pensions, when we know what we need to do. We need to make sure that unscrupulous companies do not rip off people's pensions, so people can invest in a modern society where they move from job to job, that they can keep those benefits, that it is easier for private companies to set up pensions, and that women are treated equally to men. Studies are fine. Let us get some action on the floor.”