Report: the Women's Caucus policy agenda:
Source: Women's Caucus Agenda-106th Congress
The teams of the Women’s Caucus are charged with advancing action on their designated issues in a bipartisan manner. Legislation from Team 7: RETIREMENT:
HR1102—Comprehensive Retirement Security and Pension Reform Act—provide for pension reform (Portman/Cardin)
HR2102—Long-Term Care and Retirement Security Act of 1999—allow deducting long-term care insurance premiums and a credit for individuals with long term care needs. (N. Johnson/Thurman)
HR2261—Health Insurance Affordability and Equity Act of 1999—provide incentives for health coverage by providing credits and deductions for unemployed and self-employed to cover health care costs. (N. Johnson)
HR1021—Small Business Pension Start-Up Credit Act of 1999—allow small employers a credit against income tax for costs incurred in establishing a qualified employer plan (Stabenow/Camp)
HR957—Farm and Ranch Risk Management Act—allow farmers to put money into the equivalent of IRAs to cover expenses during
downturns in the market. (Hulshof/Thurman)
The Caucus supports efforts to ensure that the unique needs of women are recognized and addressed in efforts to shore up Social Security. The Caucus supports efforts to educate women about pension plans and encourage women to save for retirement. The Caucus recognizes that:
63% of women beneficiaries aged 62 or older receive wife’s or widow’s benefits.
Three-quarters of unmarried and widowed elderly women rely on Social Security for over half of their income.
Without Social Security benefits, the elderly poverty rate among women would have been 52.2% and among widows would have been 60.6%.
Women tend to live longer and have lower lifetime earnings than men.
Women spend an average of 11.5 years out of their careers to care for their families, and are more likely to work part-time than full-time
Women earn an average of 70 cents for every dollar men earn.
Participating counts on VoteMatch question 6.
Question 6: Privatize Social Security
Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
Topic: Social Security
Headline: Supported pension reform and tax credits for long-term care