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Modifications to retirement plans or plan formulas should hold harmless current beneficiaries and employees. They should also ensure the retirement security needs of future retirees.
The following principles guide AARP’s efforts to further budgetary decisions that reflect the needs of all members of society.
Taxation is the primary way governments fund essential programs and services. The following principles support this goal while also ensuring equity in how revenues are raised.
Employers should be required to automatically enroll employees in their retirement plans.
The laws governing state and local retirement funds should be amended where necessary to provide surviving and divorced spouses of public retirees with at least the same protections that the Employ
Government budgets reflect the priorities of policymakers. They specify what programs and activities the government will support and how to raise the money needed to fund them.
Americans’ retirement income comes from several sources. For most, Social Security income is the foundation of financial security in retirement.
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.