Retirement Security

Promoting Retirement Security for All Pennsylvanians

Ensuring all Americans have access to retirement savings vehicles and are able to begin saving early in their career is a priority for Senator Casey. As a member of the Special Committee on Aging, the Committee on Health, Education, Labor and Pensions and the Committee on Finance, all of which have jurisdiction over policies and programs pertinent to retirement and savings, Senator Casey has had the opportunity to write and enact legislation helping millions of Pennsylvanians save for and afford retirement.

  • Senator Casey introduced policy to expand access to employer-sponsored retirement accounts to part time employees. Currently employers can exclude part-time employees from contributing their own funds to employer sponsored 401ks. This change will allow long-term part-time employees to have access to the same kind of retirement savings account as their full-time colleagues. 
  • 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 will make saving for retirement more affordable for Pennsylvanians.
  • Senator Casey supports expanding options for employee ownership and profit sharing. He is a cosponsor of legislation to expand access to Employee Stock Ownership Plans or ESOPs. These types of businesses help promote retirement security by giving all employees equity in the business. Employers are often better able to retain employees, and in turn employees often have greater wage and schedule stability.
  • 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) for 2016.
  • Senator Casey introduced the Senior Investor Protections Enhancement Act of 2013, which strengthens the federal government’s ability to prosecute criminals who target older adults with financial scams.
  • 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 401ks with other employers (open MEPs), resulting in greater purchasing power, and lower administrative costs for each employer.

Resources for Pennsylvanians

  • If you feel like you or a loved one has been a victim of a crime, please call the Pennsylvania Agency on Aging statewide elder abuse hotline at 1-800-490-8505 or the U.S. Senate Special Committee on Aging hotline at 1-855-303-9470. Internet crime complaints can also be reported to the FBI and the National White Collar Crime center: www.IC3.gov.
  • If you have received a suspicious phone call allegedly from the IRS that you believe may be a scam, record the employee's name, badge number, call back number and caller ID if available. Call 1-800-366-4484 to determine if the caller is an IRS employee with a legitimate need to contact you.
  • If you have a complaint about a financial product or service, such as a mortgage, loan or credit card, you can file a complaint with the Consumer Financial Protection Bureau: http://www.consumerfinance.gov/complaint/ or (855) 411-2372.
  • Please do not hesitate to call Senator Casey’s Harrisburg office at (717) 231-7540 or visit http://casey.senate.gov/constituents/casework/.

Latest

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  • Casey Statement on Labor Day

    On this Labor Day we're thinking of so many hard working Americans and in particular, the women and men of organized labor, who worked and sacrificed to build the middle class and help move our country forward. In 1894, Labor Day first became a national holiday; at that time workers had few protections in the workplace and their voices were often drowned out. Many of our families, including mine, saw up-close how difficult it was for workers who descended into the depths and darkness of our state’s coal mines. Those workers, their struggles and sacrifices, are a source of inspiration for all of us today. Read More


  • Casey, Senate Dems To Secretary Price: Tell The Truth About Medicaid Decimation

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  • Casey on House Health Care Bill Passage

    U.S. Senator Bob Casey (D-PA) is releasing the below statement following the House of Representatives passage of the American Health Care Act which would repeal the Affordable Care Act. Read More


  • Following Casey Efforts, Government Funding Bill Includes Permanent Health Care Fix for Retired Coal Miners and Their Families

    Following efforts by U.S. Senator Bob Casey (D-PA), Congress' government funding bill includes language that will secure permanent health care benefits for almost 2,000 retired coal miners in Pennsylvania and over 20,000 across the nation who were in danger of losing their coverage. For months, Casey has called for action on a health care and pensions fix. In November, he wrote to President Trump urging him to take action to help miners.  Casey has also called Congressional Republicans and Congressional leadership on multiple occasions to take action on the Miners Protection Act. Read More


  • Casey Requests Quick Action on Miner's Protection Act

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  • Casey Calls on President Trump to Make Good on NAFTA Renegotiation Campaign Promise

    Today, as Canadian Prime Minister Trudeau meets with President Trump for bilateral discussions, U.S. Senator Bob Casey (D-PA) is urging the President to act on his campaign promise to renegotiate the North American Free Trade Agreement (NAFTA). Senator Casey stresses the importance of protecting American workers' interests through improvements to NAFTA. Citing rules of origin provisions and investor-state dispute settlement rules, among other issues, Senator Casey outlines key provisions necessary to strengthen protections for American workers. Read More


  • Casey To Vote “No” On Price and Mnuchin

    Senator Bob Casey (D-PA) is announcing today that he plans to vote "no" on the nominations of Rep. Tom Price for Secretary of Health and Human Services and Steven Mnuchin for Secretary of the Treasury. Casey met with each of the nominees, reviewed their record, questioned them at Senate committee hearings as well as submitted follow up questions in writing to both in order to make this decision. Statements on the rationale on each decision are outlined below. Read More


  • At Confirmation Hearing, Rep. Price Doubles Down on Far Right Plan to Block Grant Medicaid, Adversely Impacting PA Children, Seniors and Those with Disabilities

    At the Senate Finance Committee's confirmation hearing of Representative Tom Price (R-GA) to be the next Secretary of Health and Human Services (HHS), Representative Price doubled down on the Trump Administration’s far right plan to block grant Medicaid, which would result in $1 trillion in cuts and less services for Pennsylvania seniors, children and those with disabilities. President Trump promised to protect these vital programs during the campaign but has raced to the far right ever since. In an interview with Axios, President Trump discussed block granting Medicaid, then this past Sunday his senior advisor, Kellyanne Conway, indicated that this would be the Administration’s policy. Representative Price defended this far right approach that will adversely impact middle class families, seniors, children and those with disabilities. Block granting Medicaid will result in approximately $1 trillion in cut that will mean less services and jobs in our communities lost. 2.8 million Pennsylvanians receive Medicaid, including approximately 280,000 seniors who benefit from nursing home care or other services. Read More


  • Casey Statement Following Price Hearing

    Senator Bob Casey (D-PA) released a statement following the Health, Education, Labor, and Pensions Committee hearing on the nomination of Tom Price to be Secretary of Health and Human Services: Read More


  • 10 Days Later: Trump Refuses to Lift a Finger to Save Pensions, Health Care for Coal Miners

    Nearly ten days after writing to President-Elect Donald Trump with no response, U.S. Senators Bob Casey (D-PA), Ron Wyden (D-OR), and Sherrod Brown (D-OH) are renewing their call to Republicans to keep their promise to save coal miner's pensions. Days ago, the Senators sent a letter to President-Elect Donald Trump, urging him to uphold his promise of helping coal miners across the country and call on Republican leadership in the House and Senate to pass the Miners Protection Act of 2016. Read More


  • Casey: Congress’ End of Year Bill is Profound Betrayal of PA Coal Miners, Their Families

    Senator Bob Casey (D-PA) released a statement following the release of Congress' year-end Continuing Resolution, which keeps the government funded. The legislation does not prevent coal miners in Pennsylvania and across the nation from losing their pensions and health care; the bill only includes a four month extension of health care benefits without any pension relief, so short a time that recipients would be notified almost simultaneously that they are both eligible for benefits and that their benefits will terminate. Read More


  • Casey, Senators: No Special Consideration for Other Bills Until We Save Coal Miners’ Health Care, Retirement

    Today, a coalition of Senators fighting to protect the health and pensions of more than 120,000 retired coal miners nationwide announced their intent to use any means necessary to make sure that these workers and their families are protected. With 16,300 retired coal miners set to lose health care by Dec. 31, 2016 without Congressional action, U.S. Sens. Sherrod Brown (D-OH), Joe Manchin (D-W.Va), Bob Casey (D-PA), and Mark Warner (D-VA) announced that they will block all attempts to pass legislation by unanimous consent in the Senate until the United Mine Workers of America (UMWA) healthcare and pension shortfall is adequately addressed to give miners long-term certainty. By blocking other bills from sailing through with special privileges, the Senators hope to force House and Senate leadership to include the bipartisan mineworkers fix in the year-end spending package or allow an independent vote on the bill. Read More


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