Pension Protection Quotes

I think it’s a nutty idea to fool around with the Social Security system and run the risk of hurting the people who have been saving all their lives…. It may be a new idea but it is a dumb one.

Government pensions, built into law and mostly protected from stock market vagaries, are the envy of the private sector.

Stock market risk is ok, but not for Social Security.

Devolutionary reform will not provide a factory, a machine or jobs, build a school, train a doctor or put a pound on pensions.

The U.K. is one of the few places in the world that has final salary pensions.

Seniors are concerned about Medicare and Social Security. I advocated in Congress a separate and distinct lockbox fund for Social Security.

I believe when hard-working citizens have earned their pension, it's wrong for Washington bureaucrats and politicians to take their pensions away.

I'm not in favor of privatizing Social Security or making cuts.

When the average Social Security benefit is $1328 a month, and more than one-third of our senior citizens rely on Social Security for Virtually all of their income, our job is to expand benefits, not cut them.

I am in favor of reducing all budget items. But the item I don't want to reduce is the pension expenditure because it affects the weakest part of society.

Most of my folks back home think Social Security and Medicare are sacred commitments stronger than the strongest contract. And yet if you look at the details here in Washington, they're not even promises. They're scheduled benefits. I think we need to do all that we can to make sure those benefits are real.

Social Security Works! puts expanding Social Security front and center on the national agenda, where it belongs. Everyone who has a stake in the debate should read this important book.

I just think that we ought to protect the Social Security fund.

No cuts to health , no cuts to education, no cuts to pensions.

It is not secret here in Congress we have not had the discipline in many instances to keep our hands out of the cookie jar of Social Security. Now to stop this I propose that in the future that Congress cannot get its hands on the money in the first place.

Our constituents paid into Social Security, and they want it paid back to them when they retire. Cutting Social Security benefits that Americans have earned should always be a last resort.

We must ensure that today's seniors' benefits are rock solid and find a solution that fixes Social Security for the next generation that is just entering the workforce.

You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

I believe that it is irresponsible, it is basically part of the crisis of leadership in D.C. to not look at Social Security and understand that there has got to be a solution posed. We've got to take a look at it and make sure that we create a solution so our seniors aren't left out in the cold.

Indiana taxpayers, retired Hoosier state policemen and teachers are neither greedy speculators nor unpatriotic. They are, however, secured creditors of Chrysler. They deserve to have their funds protected under the full auspices of the law.

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.

Instead of cutting Social Security, we're going to expand Social Security benefits.

If you can't trust your boss - or your pension company - to take care of your investment, who can you trust? The vast majority of company chiefs take their responsibilities seriously and protect their workers' final salary pensions. But for too long, the reckless few playing fast and loose with people's futures have got away scot-free.

You can't be a progressive and be opposed to pension reform.