You've got a friend. At the Labor Department.
That's the message Sen. Thomas Harkin, D-Iowa, and Rep. Robert E. Andrews, D-N.J., want to send participants who have problems relating to their pension plans.
The two lawmakers have introduced legislation that would create an Office of Pension Participant Advocacy within the Labor Department.
The new office would actively seek out information and suggestions on pension policies, evaluate the efforts of federal agencies and employers to help pension plan participants, and document pension problems annually and recommend legislative and regulatory solutions.
"With the number of retirees set to skyrocket in the coming years, there is no better time to focus on better protecting Americans' pensions," Mr. Harkin said. "Pension plan participants deserve a say in the policies that determine their livelihood."