ESOP Administrators Have Duty to Employees, Supreme Court Says

The Supreme Court is looking out for Americans with employee stock ownership plans (ESOPs), a form of retirement plan. That’s what the justices essentially said in their unanimous June 25 decision in Fifth Third v. Dudenhoeffer, in which employees sued because their ESOP administrators invested in a way that caused them to lose money. In this case, the administrators, or “fiduciaries,” had invested the employees’ money in the employer’s own stock even though they knew (according to the plaintiffs) that …

Spotlight: New Jerseyans Fight Back – and Win Against Higher Utility Bills

This is a true story of how New Jerseyans fought back against the largest proposed utility rate increase by the state’s biggest gas and electric company in its century-long history – and won. Just last week, consumer advocates – including AARP – reached a settlement on “Energy Strong,” a PSE&G proposal to harden its electric and gas systems following the tragedy of Superstorm Sandy. The settlement saves New Jersey utility customers $1.6 billion.  A culmination of a more than a …

Groundhog Day for Medicare ‘Doc Fix’

Another year, another last-minute “doc fix” by Congress. Am I the only one starting to feel a little like Bill Murray in the 1993 comedy Groundhog Day? On March 31, just one day before Medicare payments to doctors would have been slashed by 24 percent, Congress approved a short-term patch to delay the payment cuts for another year. This is the 17th time in 11 years that Congress has had to delay the Medicare reimbursement cuts created by SGR (the …

It’s Time to Talk About America’s Long-Term Care Crisis

AARP applauds the Bipartisan Policy Center for highlighting the need for a real discussion about America’s long-term care crisis and solutions to address it. Millions of individuals and families currently caring for loved ones are faced every day with physical, financial and emotional challenges. Family caregivers need support - individuals want to live independently in their homes and communities - and as a country we are not prepared. Every night, families are discussing these tough issues around their kitchen table. It’s time …

Pushed Out of the Workplace

Have you ever felt like an employer was holding your age against you? If so, you aren’t alone. In these tough economic times, more and more Americans believe they are facing age-based discrimination at the office. In fact, a 2013 AARP study found that nearly 2 in 3 workers ages 45-74 said they have seen or experienced age discrimination in the workplace. Of those, a whopping 92 percent said it was very or somewhat common. Nearly 20 percent of the …

AARP Announces 2014 Advocacy Agenda: Across the States

AARP is fighting for older Americans and their families in states across the country, focused on the key issues they are facing, front-and-center, in their daily lives.  Our state advocacy work is driven by AARP’s state offices – located in every state, the District of Columbia, Puerto Rico, and U.S. Virgin Islands – where we work with governors, state legislators, other policymakers and in collaboration with numerous community partners.  In 2014 AARP is focusing on: Supporting Family Caregivers AARP is …