Retirement Security

Promoting Retirement Security for All Pennsylvanians

Ensuring all Americans have the opportunity and ability to save for a financially secure retirement is a priority for Senator Casey. He is the Ranking Member of the Special Committee on Aging, and a member of the Committee on Health, Education, Labor and Pensions and the Committee on Finance, which have jurisdiction over policies and programs related to retirement and savings.

  • Senator Casey is fighting to secure the promised pensions for Pennsylvanians, including our Teamsters and coal miners.  He is a lead cosponsor of the American Miners Pension Act, which would protect the pensions of retired miners and their families, including over 12,000 Pennsylvania coal miners. This legislation was introduced after Casey helped to secure for miners the healthcare that was promised to them.  He is also a cosponsor of the Butch Lewis Act.
  • Senator Casey is a lead cosponsor of the Elder Poverty Relief Act, which strengthens Social Security and Supplemental Security Income benefits for the older Americans ages 82 and older, seniors receiving very low monthly benefits, and persons with disabilities who have relied on these programs a long time. The bill would lift 420,000 seniors of out of poverty by 2030. 
  • Senator Casey cosponsored the SAVE Benefits Act, which would give seniors a one-time payment of about $580 to make up for the lack of a Social Security cost-of-living adjustment (COLA) in 2016.
  • Senator Casey cosponsored the Encouraging Americans to Save Act, which would make the Savers Credit partially refundable and increase the income threshold to claim the credit to $65,000. Expanding access to the Savers Credit, a federal tax credit available to some taxpayers, will make saving for retirement more affordable.
  • Senator Casey supports additional funding for the Social Security Administration in order to ensure seniors and persons with disabilities receive their benefits on time, eliminate unacceptable hearing backlogs and maintain critical services at field offices throughout Pennsylvania.
  • Senator Casey supports expanding options for employee ownership and profit sharing. He cosponsored legislation to expand access to Employee Stock Ownership Plans (ESOPs). These businesses help promote retirement security by giving all employees equity in the business.
  • Senator Casey supported legislation making it easier and less expensive for small businesses to establish and maintain retirement plans. This includes enhancing the tax credit available to small businesses to establish and auto-enroll employees in a retirement plan. In addition, Senator Casey supported legislation to allow small businesses to establish pooled 401(k)s with other employers, which would result in greater purchasing power and lower administrative costs.

Resources for Pennsylvanians

  • If you feel like you or a loved one has been a victim of a crime, please call the Special Committee on Aging Hotline at 1-855-303-9470.  For information on the top 10 scams targeting our nation’s seniors, visit: https://www.aging.senate.gov/download/fraud-report-2018.
  • If you require assistance paying for your prescription medication or need help understanding your Medicare options, please contact the Pennsylvania Department of Aging APPRISE Program at 1-800-783-7067. APPRISE is a service for Pennsylvanians age 60 and above, regardless of income.
  • Please do not hesitate to call Senator Casey’s Harrisburg office at (717) 231-7540 or visit http://casey.senate.gov/constituents/casework/.

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