WASHINGTON, DC —AARP Michigan State President Thomas Kimble of Clarkston was among volunteers and staff who dropped off petitions containing more than 26,000 signatures at the U.S. Department of Labor this week in support of a conflict of interest standard, following the release of a proposed rule earlier this month.
Last night the U.S. Senate voted on the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 (H.R. 2) that permanently replaces the Sustainable Growth Rate (SGR) formula used to calculate reimbursements to physicians under Medicare. The Senate also voted on the Cardin-Vitter “Seniors’ Amendment” which was a Key Vote for AARP.
WASHINGTON, DC —AARP along with members of the Save Our Retirement coalition praised the latest major step taken on a proposed rule by the U.S. Department of Labor (DOL) that would update requirements for those who give financial advice to individual retirement plan savers. DOL released the text of the rule and opened a public comment period for Americans to comment on a rule that would help those saving for retirement who lose an estimated 17 billion dollars per year due to bad investment advice.