On the recordSeptember 30, 2015
I rise today to introduce the Women's Pension Protection Act of 2015. Out in Washington State, I recently heard from a woman named Cathy. A few years ago, Cathy said she got a taste of what it is like to have serious doubts about her future in retirement. Her husband was unemployed. On one income, they were trying to pay the bills, pay for health insurance, and pay for college tuition for their younger son. Every month, Cathy said they had to dip further and further into their retirement savings. She said she would stay awake at night, worrying how they were going to make it all work. When I hear stories like Cathy's, it reaffirms for me what we should be working on in Congress. We need to grow our economy from the middle out, not the top down. Our country should work for all families, not just the wealthiest few. That is especially true for seniors--who, after a lifetime of hard work, deserve to live healthy, full, and financially secure lives. I believe a secure retirement is one of the surest hallmarks of a strong middle class. But seniors today are facing some daunting challenges, just like Cathy. Many Americans simply don't have enough savings. They are relying on thin Social Security checks that barely last until the end of the month. Sometimes, they are forced to choose between paying for groceries or paying for a prescription. Too often, it is women who struggle the most with financial hardship in retirement, more so than men. Why is this?…





