FOR IMMEDIATE RELEASE
New Organization Launched to Aid Retirees
ProtectSeniors.Org begins it battle
March 1, 2006
Help is on the way for beleaguered retirees who are trying to deal with rising costs and shrinking healthcare coverage. ProtectSeniors.Org is dedicated to push for passage of legislation friendly to retirees. Specifically, ProtectSeniors.Org will focus initially on the Emergency Retiree Health Benefits Protection Act of 2005, HR 1322, which was sponsored by Congressman John Tierney of Massachusetts.
This bill will put in place protections on retiree’s company-sponsored healthcare insurance similar to those that ERISA has provided for pensions for the past 34 years. The bill would make it illegal for companies to reduce or terminate healthcare plans or to pass additional costs on to employees once they retire.
Headquartered in Washington, D.C., the organization plans to aggressively educate members of Congress as to the critical problems facing people who, at the time they need it the most, are watching their coverage shrink and their premiums soar. “This is a national crisis of huge proportions,” said ProtectSeniors.Org President James E. Casey, Jr. “Corporate America is trying to solve its financial problems by shifting healthcare costs to retirees, who can least afford the additional burden.
People worked for companies for 20, 30 40 or more years with the promise that certain benefits would be there through their working years and into retirement. These benefits were an integral part of the employee’s compensation package – something that they earned, just like their salary, during their careers. “It is unconscionable to renege on those commitments,” said Casey. “We plan to do something about this through ProtectSeniors.Org.”
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