The war on poverty: 50 years later
Fifty years ago, President Lyndon B. Johnson declared a "war on poverty" during his State of the Union speech. This March, the occasion was marked in a number of ways, with many people pointing to the gains made since Johnson's declaration but also acknowledging that there is work that still needs to be done.
"If we hadn't declared 'unconditional war on poverty in America,' millions more Americans would be living in poverty today," said President Obama, who noted the progress that has been made in the past 50 years, thanks in part to Social Security and Medicare. "Without Social Security, nearly half of seniors would be living in poverty," Obama said. "Before Medicare, only half of seniors had some form of health insurance."
Read the full story at AFT.org
Watch the Senate hearing: "Income Security and the Elderly: Securing Gains Made in the War on Poverty"
Check out this Kaiser Family Foundation video
Read Sharon Parrott's commentary on Rep. Paul Ryan's report
AFT praises Aon for support of defined benefit pensions
The AFT announced on March 19 that it has removed Aon from its list of asset management companies that support organizations that are undermining defined benefit pension plans. The AFT recently published the second edition of "Ranking Asset Managers," which documents asset fund management companies that work with defined benefit funds while also supporting organizations trying to eliminate defined benefit pensions. Aon was removed from the report based on the company's history of strong support for defined benefit pensions and assurances of continued strong support in the future.
Read more at AFT.org
Ask 'Dear Marci'
In this month's edition of 'Dear Marci,' Chuck says: "I went to the pharmacy to pick up a new medication, but my pharmacist told me that there is a coverage restriction on the drug I need. What is a coverage restriction?"
See what Marci has to say
US ranks 19th worldwide for retirement security
The United States ranked 19th in retirement security for the second year in a row, according to a report from Natixis Global Asset Management that ranked 150 countries based on healthcare, finances, economic well-being and quality-of-life factors. Switzerland led the 2014 ranking, followed by Norway (last year's No. 1), Austria, Sweden, Australia, Denmark, Germany, Finland, New Zealand and Luxembourg.
CNN has the story
Check out the video: "Not Enough Money in America's 401(k)s"
Union praises budget's plan to create jobs, fight poverty
President Obama's fiscal year 2015 budget proposal includes some provisions that could help produce jobs, equalize income and improve social mobility, AFT President Randi Weingarten says. "For Americans who get up every day hoping for a better life for their kids and themselves, today's economy sometimes feels insurmountable," Weingarten says, which is why the AFT supports proposals to relieve some of those obstacles. The AFT, she adds, "will work with the administration and Congress to ensure that the federal budget helps reclaim the promise of America and creates opportunities for ordinary Americans to move up the economic ladder of success."
Read more at AFT.org
Get your fellow retirees signed up
Do you want your fellow retirees to receive the AFT Retirees e-newsletter? Just have them visit our e-newsletter sign-up page, fill out the form and look for our email next month.