Betty McCollum on Social Security
Democratic Representative (MN-4)
Voted YES on raising 401(k) limits & making pension plans more portable.
Comprehensive Retirement Security and Pension Reform Act of 2001: Vote to pass a bill that would raise the amount individuals may contribute to traditional and Roth Individual Retirement Accounts and to 401[k] plans and make pensions plans more portable
Reference: Bill sponsored by Portman, R-OH;
Bill HR 10
; vote number 2001-96
on May 2, 2001
Reject proposals for private saving accounts.
McCollum co-sponsored rejecting proposals for private saving accounts
To reject proposals to partially or completely substitute private saving accounts for the lifelong, guaranteed, inflation-protected insurance benefits provided through Social Security. The Congress finds the following:
- President Bush promised to partially privatize Social Security, and appointed a commission to develop a plan on his behalf.
- The commission developed three alternative plans that would partially privatize Social Security.
- The plans divert substantial monies from the Social Security Trust Funds to pay for the private accounts, which threatens benefits for current beneficiaries by significantly weakening the financial condition of the Trust Funds.
- The plans' cuts in disability and survivor benefits directly contradict the President's promise that disability and survivor benefits would be preserved under privatization.
- Furthermore, these reductions in guaranteed benefits apply to all workers,
regardless of whether they chose to have an individual account or not.
- Substituting private accounts for guaranteed Social Security benefits increases financial risk for retirees, disabled workers and their families.
- Moreover, other proposals to privatize Social Security, such as the 'Social Security Guarantee Plus' plan or the 'Social Security Ownership and Guarantee' plan, establish private accounts that directly or indirectly reduce Social Security benefits.
Source: H.R.4780 02-H4780 on May 21, 2002
- The Congress hereby commits to preserve the guaranteed, lifelong, inflation-protected benefits provided under the Social Security Act to retirees, disabled workers and their families, and the survivors of deceased workers; and
- Congress therefore rejects the President's plans to partially privatize Social Security, and other proposals to privatize Social Security by establishing private accounts that would undermine traditional Social Security benefits.
Rated 100% by the ARA, indicating a pro-senior voting record.
McCollum scores 100% by the ARA on senior issues
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: ARA website 03n-ARA on Dec 31, 2003
Reject privatization; don't raise the retirement age.
McCollum signed the Social Security Protectors Pledge
Some 200 Democratic House and Senate candidates have signed on to a pledge rejecting any effort to privatize or scale back Social Security benefits or raise the retirement age.
The Progressive Change Campaign Committee sponsored this pledge among Congressional candidates.
Source: PCCC Survey 10-PCCC on Aug 11, 2010
Supported pension reform and tax credits for long-term care.
McCollum adopted the Women's Caucus policy agenda:
The teams of the Women’s Caucus are charged with advancing action on their designated issues in a bipartisan manner. Legislation from Team 7: RETIREMENT:
- HR1102—Comprehensive Retirement Security and Pension Reform Act—provide for pension reform (Portman/Cardin)
- HR2102—Long-Term Care and Retirement Security Act of 1999—allow deducting long-term care insurance premiums and a credit for individuals with long term care needs. (N. Johnson/Thurman)
- HR2261—Health Insurance Affordability and Equity Act of 1999—provide incentives for health coverage by providing credits and deductions for unemployed and self-employed to cover health care costs. (N. Johnson)
- HR1021—Small Business Pension Start-Up Credit Act of 1999—allow small employers a credit against income tax for costs incurred in establishing a qualified employer plan (Stabenow/Camp)
- HR957—Farm and Ranch Risk Management Act—allow farmers to put money into the equivalent of IRAs to cover expenses during
downturns in the market. (Hulshof/Thurman)
The Caucus supports efforts to ensure that the unique needs of women are recognized and addressed in efforts to shore up Social Security. The Caucus supports efforts to educate women about pension plans and encourage women to save for retirement. The Caucus recognizes that:
Source: Women's Caucus Agenda-106th Congress 99-WC10 on Jul 15, 1999
- 63% of women beneficiaries aged 62 or older receive wife’s or widow’s benefits.
- Three-quarters of unmarried and widowed elderly women rely on Social Security for over half of their income.
- Without Social Security benefits, the elderly poverty rate among women would have been 52.2% and among widows would have been 60.6%.
- Women tend to live longer and have lower lifetime earnings than men.
- Women spend an average of 11.5 years out of their careers to care for their families, and are more likely to work part-time than full-time
- Women earn an average of 70 cents for every dollar men earn.
2012 Governor, House and Senate candidates on Social Security:
Betty McCollum on other issues:
Lame-duck session 2012:
KY-4: Thomas Massie(R)
NJ-9: Donald Payne Jr.(D)
WA-1: Suzan DelBene(D)
Re-seated Former Reps:
AZ-1: Ann Kirkpatrick(D)
AZ-5: Matt Salmon(R)
FL-8: Alan Grayson(D)
NH-1: Carol Shea-Porter(D)
NV-3: Dina Titus(D)
2013 Resignations and Replacements:
IL-2:Jesse Louis Jackson(D,resigned)
MO-8:Jo Ann Emerson(R,resigned)
AZ-9: Kyrsten Sinema
CA-2: Jared Huffman
CA-7: Ami Bera
CA-35:Gloria Negrete McLeod
CT-5: Elizabeth Esty
HI-2: Tulsi Gabbard
IL-8: Tammy Duckworth
MD-6: John Delaney
MA-4: Joe Kennedy III
MI-5: Dan Kildee
MN-8: Rick Nolan
NV-4: Steven Horsford
NH-2: Annie Kuster
NM-1: Michelle Lujan-Grisham
NY-5: Grace Meng
WA-6: Derek Kilmer
WI-2: Mark Pocan
AR-4: Tom Cotton
CA-1: Doug LaMalfa
FL-3: Ted Yoho
FL-6: Ron DeSantis
GA-9: Doug Collins
IN-2: Jackie Walorski
IN-5: Susan Brooks
IN-6: Luke Messer
KY-6: Andy Barr
MO-2: Ann Wagner
MT-0: Steve Daines
NC-8: Richard Hudson
NC-9: Robert Pittenger
ND-0: Kevin Cramer
OH-2: Brad Wenstrup
OK-1: Jim Bridenstine
OK-2: Markwayne Mullin
PA-4: Scott Perry
SC-7: Tom Rice
UT-2: Chris Stewart
Longworth HOB 1714, Washington, DC 20515
Page last updated: Apr 06, 2013