AARP Hearing Center
The following documents related to consumer affairs and the financial security of people 50-plus are presented in reverse chronological order.
December
L: On December 23, 2020, AARP sent a letter to The Honorable Robert R. Redfield, M.D., Director of the U.S. Centers for Disease Control and Prevention (CDC) urging that he extend the CDC’s federal eviction moratorium, which is set to expire on December 31st. The moratorium should be extended at least through March of next year to allow for the new Congress and Administration to enact remedies to avert massive evictions while the public health emergency generated by the COVID-19 pandemic continues to escalate in these winter months. (PDF)
S: On December 9, 2020 AARP submitted a statement for the record to the U.S. Senate Finance Committee, Subcommittee on Social Security, Pensions and Family Policy for a hearing titled “Investigating Challenges to American Retirement Security.” The hearing was held to consider needed improvements to the U.S. retirement system for American workers, retirees, and their families. AARP is committed to expanding retirement savings so that all Americans have adequate income for retirement through Social Security, pensions and private savings, and has worked throughout its history to develop and improve America’s retirement system. (PDF)
October
L: On October 27, 2020 AARP sent a letter to U.S. House Committee on Ways and Means Chairman Richard Neal and Ranking Member Kevin Brady in support of the Securing a Strong Retirement Act of 2020. Under this bill, more people who work part time will be able to enroll in their employers’ 401(k)-type savings plans. This change will be especially helpful to the many older workers in the current economic climate who can only find part-time work or need to work part-time due to caregiving responsibilities. In addition, new employer plans would automatically enroll workers in their retirement savings plans once they have been in business for three years. (PDF)
C: On October 26, 2020 AARP submitted a letter to the U.S. Department of Labor, Wage and Hour Division commenting on the Department’s Notice of Proposed Rulemaking regarding the standard for determining who is a covered employee and who is an independent contractor under the Fair Labor Standards Act (“FLSA”). AARP is dedicated to addressing the needs and interests of older workers, including for about one-third of AARP’s members who are employed full-time or part-time, as well as others who are seeking employment. (PDF)
C: On October 26, 2020 AARP submitted a letter to the Social Security Administration (SSA) providing comments on a waiver of recovery of certain overpayment debts accruing during the COVID-19 pandemic period. AARP supports the waiver of pandemic-related overpayments and encourages SSA to make this process as easy as possible for beneficiaries who continue to face economic and health difficulties and increased barriers to accessing available SSA services. (PDF)
C: On October 1, 2020 AARP submitted written comments to Acting Assistant Secretary Jeanne Wilson of the U.S. Employee Benefits Security Administration in response to Proposed Registration Requirements for Pooled Plan Providers. AARP supports the development of pooled retirement plans and was actively involved in national efforts to encourage the Department and Congress to adopt reasonable procedures for employers and providers offering such plans and strong consumer protections for covered participants and beneficiaries. (PDF)
September
L: On September 22, 2020 AARP sent a letter to Chairman John Larson of the U.S. House of Representatives Subcommittee on Social Security and Chairman Richard Neal of the Committee on Ways and Means expressing disapproval of the Administration’s payroll tax deferral as implemented by IRS rule, “Relief with Respect to Employment Tax Deadlines Applicable to Employers Affected by the Ongoing Coronavirus (COVID-19) Disease 2019 Pandemic.” AARP opposes Social Security payroll tax holidays as potentially harmful to the program’s long-term dedicated funding stream and benefit promise. (PDF)
L: On September 15, 2020 AARP sent a letter to U.S. Senators Brian Schatz (D-HI) and Lisa Murkowski (R-AK) endorsing the Census Deadline Extension Act to provide more time for a complete and accurate census count. The Census Bureau announced on August 4, 2020 that the deadline for people to complete survey forms for the 2020 Census would be moved up to September 30, 2020 – a month sooner than the previous end date of October 31, 2020. (PDF)
C: On September 3, 2020 AARP submitted a letter to Office of the Comptroller of the Currency (OCC) providing comments on a proposed rule concerning National Banks and Federal Savings Associations as Lenders. While there are many valid reasons for bank and nonbank financial institutions to partner with one another, AARP is concerned that the OCC’s proposed rule defines the “true lender” of a transaction in a way that is overly broad – by declaring that a national bank is the true lender if it is named as the lender in the loan agreement, or if it funds the loan. (PDF)
S: On September 3, 2020 AARP submitted testimony to the U.S. Department of Labor, Employee Benefits Security Administration for a public hearing on Improving Investment Advice for Workers and Retirees: Prohibited Transaction Class Exemption. AARP believes the Proposal provides inadequate restrictions on the provision of conflicted fiduciary investment advice and does not provide the necessary substantive protections for participants and beneficiaries as required under ERISA. Americans face many barriers as they try to save for their retirement – conflicted investment advice should not be one of them. (PDF)
August
L: On August 18, 2020 AARP sent a letter to Secretary of the Treasury Steven T. Mnuchin urging the Treasury Department and the Administration to rethink its attempt to provide economic stimulus to American workers via a payroll tax deferral. While AARP agrees that economic help for families impacted by the coronavirus is needed, AARP has serious concerns regarding the Administration’s decision to suspend the collection of payroll taxes, which potentially undermines Social Security’s long-term finances. (PDF)
L: On August 17, 2020 AARP sent a letter to Postmaster General Louis DeJoy concerning recent changes in mail processing operations that may be compromising the health and safety of millions of older Americans and may unduly restrict the ability of all Americans to safely participate in the upcoming elections, whether they choose to vote from home or in-person. While AARP shares the goal of ensuring the United States Postal Service operates in an effective and efficient manner, AARP urges the Postmaster to suspend any adjustments that could negatively affect service during the pandemic. (PDF)