To: President Donald Trump, The United States House of Representatives, and The United States Senate
The Retirement Accounts Protection Act
Retirement pension accounts are compensation, just like wages.
THEREFORE: We petition the United States Congress and Senate to pass a bill that protects ALL employees' corporate retirement accounts from being accessed ("raided") by their employers for any reason.
THEREFORE: We petition the United States Congress and Senate to pass a bill that protects ALL employees' corporate retirement accounts from being accessed ("raided") by their employers for any reason.
Why is this important?
We petition Congress to pass an act to permanently protect all private retirement accounts from being "raided" by an employee's company. This act would make an employee's retirement account the exclusive property of the employee.
Retirement benefits are COMPENSATION FOR WORK PERFORMED. As such they absolutely must be protected by Federal statute from any and all corporate/company diversion from the original retirement fund purpose.
We now have a Federal agency (that is broke) which pays some retirement to retired employees of businesses that have wiped out the employees' retirement funds. This fund should NOT be use to bail out irresponsible companies with taxpayer money. It would be unnecessary if we had proper legislation to protect employee retirement accounts.
Retirement benefits are COMPENSATION FOR WORK PERFORMED. As such they absolutely must be protected by Federal statute from any and all corporate/company diversion from the original retirement fund purpose.
We now have a Federal agency (that is broke) which pays some retirement to retired employees of businesses that have wiped out the employees' retirement funds. This fund should NOT be use to bail out irresponsible companies with taxpayer money. It would be unnecessary if we had proper legislation to protect employee retirement accounts.