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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.
Income earned through employment is the foundation of most people’s savings and retirement income.
Federal and state laws should prohibit maximum hiring ages and mandatory retirement ages for all workers. This should include public-safety employees.
Businesses that bid on federal, state, and local contracts should be required to report any complaints and determinations of unlawful and unfair practices.
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
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.