Seniors
More on Seniors
WASHINGTON, DC – Today, Representatives Donald Norcross (D-NJ-01) and Tim Walberg (R-MI-07), who serve together on the House Committee on Education and Labor's Health, Employment, Labor, and Pensions Subcommittee, reintroduced the Lifetime Income For Employees (LIFE) Act of 2022. This legislation would allow annuities to be a default in employer-provided 401(k) plans to deliver employees with a steady, guaranteed income during retirement.
CHERRY HILL, NJ – Today, U.S. Congressman Donald Norcross (NJ-01) announced that the U.S. Department of Housing and Urban Development (HUD) has awarded a total of $15,835,231 in Section 202 Supportive Housing for the Elderly Program grants to expand affordable housing options for South Jersey seniors. The funding will provide low-income elderly residents with options that allow them to live independently in an environment that provides support activities such as cleaning, cooking, transportation, and health-related services.
WASHINGTON, DC – Today, the Middle-Class Health Benefits Tax Repeal Act, led by U.S. Congressman Donald Norcross (NJ-01), passed the U.S. House of Representatives. The legislation, which passed with bipartisan support, repeals a 40% excise tax – commonly known as the "Cadillac Tax" – on certain employer-sponsored health insurance plans.
WASHINGTON, DC – Today, U.S. Congressman Donald Norcross, a leader on retirement security in Congress, voted in favor of the H.R. 397, the Rehabilitation for Multiemployer Pensions Act – commonly called "The Butch Lewis Act" – which addresses the nation's worsening multiemployer pension crisis. The act passed by a vote of 26-18 out of the House Committee on Education and Labor.
WASHINGTON, DC – U.S. Congressmen Donald Norcross (D-NJ) voted in favor of H.R. 1994, the SECURE (Setting Every Community Up for Retirement Enhancement) Act, which passed the House of Representatives with a 417–3 vote. The SECURE Act expands opportunities for Americans to increase their retirement savings.
WASHINGTON, DC – Today, U.S. Congressman Donald Norcross joined the Chairman of the Ways & Means Social Security Subcommittee, John B. Larson (CT-01), in introducing the Social Security 2100 Act, H.R. 860, a bill that increases Social Security's vital benefits while making the system financially strong throughout the 21st century.
New Jersey Globe. By David Wildstein
Rep. Donald Norcross (D-Camden) has landed a spit on the new Joint Select Committee on the Solvency of Multiemployer Pension Plans.
The bi-partisan panel, created earlier this month as part of the budget compromise, will review proposals to create a federal loan program for multiemployer pension funds...
WASHINGTON, DC – Today, Congressman Donald Norcross (NJ-01) – a member of the House Committee on Education and the Workforce – was appointed to the bipartisan House and Senate Joint Select Committee on Multiemployer Pensions.
Insurance News Net.
Joined by retired Teamsters and miners today, Congressional Democrats called for immediate passage of their legislation to ensure the pensions that American workers have earned over a lifetime of work are protected into the future...
CHERRY HILL, NJ – Today, U.S. Congressman Donald Norcross (NJ-01) announced two affordable housing grants, totaling $3.25 million, for South Jersey construction projects to create homes for low-income and high-needs residents. Thanks to the grants, approximately 150 new units are set to be built in Cherry Hill and Gibbsboro.