Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Washington, DC - Congressman Brady released a statement today in response to the continued refusal by Republicans to bring a vote to extend emergency unemployment insurance (UI). The expiration of the federal UI program has now cut off two million men and women looking for work and will kick off 72,000 more each week that an extension is not issued.
"It is simply unacceptable that we are still waiting for a vote to extend emergency unemployment insurance for the millions who need it," Congressman Brady stated. "I strongly urge my colleagues on the other side of the aisle to allow us to vote on this important issue, giving countless Americans the lifeline they need to pay their bills and support their families while searching for work."
The unemployment insurance program, which expired on December 28th, is not only critical for families and workers but also beneficial to our economy. The Joint Economic Committee Democrats report, "The Economic Case for Continuing Federal Unemployment Insurance," found that UI is one of the most cost-effective tools for improving the economy and creating jobs. The report also shows that approximately 2.5 million people were kept out of poverty in 2013 due to the federal UI program.
Read this original document at: http://brady.house.gov/press-release/congressman-brady-pushes-vote-extend-unemployment-insurance