Retirement Security

In 1935, Democrats and President Franklin Roosevelt created Social Security. In 1965, Democrats and President Lyndon Johnson created Medicare. Ever since, Democrats have continually fought to defend these cornerstones of the American Dream in the face of attempts to dismantle or undermine both.

PROTECTING SOCIAL SECURITY
In recent years, Democrats have beaten back Republican plans to privatize Social Security—plans that would have exposed the retirement funds of millions of American seniors to great risk on the eve of the financial crisis.

STRENGTHENING MEDICARE
Recently enacted health reform strengthened the Medicare trust fund, expanding its life by more than a decade. The Affordable Care Act also will improve care across the board, reduce fraud, and finally close the hole in Medicare drug coverage known as the “donut hole.” As of 2011, seniors are eligible for free coverage for certain preventive services.

HELPING AMERICANS SAVE FOR RETIREMENT
Democrats want to make it easier for all Americans to participate in retirement accounts at work and support a system where employees have pension portability, so workers don’t lose their pension if they change jobs.