Sanders Introduces "Pensions for All Act" to Ensure Workers Can Retire [View all]

Only 9 percent of Americans have pensions today, compared to 44 percent in 1975.

Sen. Bernie Sanders walks off the Senate floor at the U.S. Capitol Building on June 30, 2025, in Washington, D.C.
Andrew Harnik / Getty Images

Sen. Bernie Sanders (I-Vermont) is taking on the “retirement crisis” in the U.S. with a new bill aimed at guaranteeing pensions or solid retirement plans for every worker in America.

On Thursday, Sanders introduced the Pensions for All Act, which would require corporations to provide a retirement plan equivalent to or better than the pensions plan offered to members of Congress.

“If we are serious about addressing the retirement crisis in America, corporations must be required to offer all of their workers a traditional pension plan that guarantees a monthly income in retirement,” Sanders said in a statement. “And if corporations refuse to offer a decent retirement plan, their workers must be allowed to receive the same type of pension that every member of Congress receives.”

(snip)

“We’ve gone from being a country that promised security and dignity in old age to being a country that forces people to work until they’re in the grave,” said United Auto Workers President Shawn Fain in a statement in support of the legislation. “Pensions have long been the bedrock of retirement for working-class people, but corporate greed has eroded that foundation. The billionaire class gutted pensions in pursuit of profit, and Washington let it happen.”

(snip)

https://truthout.org/articles/sanders-introduces-pensions-for-all-act-to-ensure-workers-can-retire/