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Latest Promises In Retirement
Joe Biden
Expand and increase Social Security benefits
Biden signs bipartisan law to end Social Security reductions for certain public-sector workers
|
January 8, 2025
Joe Biden
Put Social Security on a path to long-run solvency
Biden failed to meaningfully extend Social Security’s solvency
|
December 2, 2024
Joe Biden
Repeal law barring Medicare from negotiating lower drug prices
Democrats’ Inflation Reduction Act will allow Medicare to negotiate drug prices
|
August 10, 2022
Barack Obama
Require automatic enrollment in IRA plans
No federal law, but more states adopt auto-enrollment programs
|
December 15, 2016
Barack Obama
Create a retirement savings tax credit for low incomes
New retirement savings credit is a no-go
|
April 30, 2012
Barack Obama
Require automatic enrollment in 401(k) plans
Promise was overtaken by events
|
February 10, 2012
Barack Obama
Allow penalty-free hardship withdrawals from retirement accounts in 2008 and 2009
Penalty-free 401(k) penalty withdrawals still not on the agenda, and taxes are due next week
|
April 10, 2009
