Thomas Steed | Source | Chairman at Association of BellTel Retirees

Millions of my fellow retirees remember the very risky investment vehicles that took down Lehman Brothers, AIG, Bear Stearns – empires just over a decade ago. Since the federal guidance for pension protections has not been updated since 1995, Congressman Mrvan and Senators Murphy’s introduction of HR 5877 is not only welcome but long overdue. We hope its swift passage will result in ironclad guarantees that our retirement assets cannot be handed over to rogue investors willing to gamble with the assets that have been earmarked for our golden years.