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News :: Miscellaneous |
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Women's Groups Question Social Security Commission Appointments |
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by National Coalition of Women's Organizations
(No verified email address) |
03 May 2001
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WASHINGTON - May 2 - The National Council of Women's Organizations (NCWO), the oldest and largest umbrella coalition of the nation's major women's groups, urges the new Social Security Commission to listen to the public's concerns about privatizing the nation's most important safety net for retirees, the disabled and their survivors. |
FOR IMMEDIATE RELEASE
MAY 2, 2001
CONTACT: National Coalition of Women's Organizations
Christopher Turman 202-393-8953 e-mail: christopher (at) women4socialsecurity.org
"President Bush's support for Individual Accounts carved out of Social Security jeopardizes the guarantee of lifetime, inflation-adjusted benefits that Social Security now provides," said Martha Burk, Ph.D., chair of NCWO. "Public support for privatization has declined as Americans have seen the value of their pensions and 401(k) plans plummet in recent months, according to three recent national public opinion polls widely covered by the media. Yet, President Bush's selections for the commission fail to reflect the erosion in support for his plan."
"Social Security is the one piece of retirement income that should be guaranteed and not linked to the uncertainties of the stock market," adds Burk. "You might make good investment decisions but what will happen to your grandmother or mother-in-law if they don't."
"Most workers will face cuts in guaranteed benefits that are not made up by income from an individual account," according to Heidi Hartmann, Ph.D., president of the Institute for Women's Policy Research and chair of the NCWO Women and Social Security Project. "If privatizers keep their promises to current retirees, younger workers will get less when they retire."
"The majority of the more than 120 organizations in NCWO and six million women they represent are extremely concerned about Social Security privatization," added Burk.
The National Council of Women's Organization's (NCWO) is a nonpartisan, nonprofit coalition of more than 120 women's organizations across the nation collectively representing over six million women. For years, NCWO has convened the leadership of major women's organizations dedicated to focusing on national issues and public policy agendas affecting women. In 1998, NCWO formed the Women & Social Security Project and launched a national education campaign to highlight Social Security's importance to women. |
See also:
http://www.women4socialsecurity.org/
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