NCOA President Testifies Before Congress

Aging council urges stepped up workplace protections for workers 55+.

By Rethinking65

The National Council on Aging is calling on Congress to maximize workforce participation of workers 55 and older by protecting them from age discrimination and expanding job placement and training services.

In testimony April 29 before the U.S. Senate Special Committee on Aging, NCOA President & CEO Ramsey Alwin noted older adults in particular have felt the devastating impact of COVID-19 on their employment status.

“As of March, over 1.7 million older workers remain unemployed. The drop in employment among older workers of color was twice that of whites. If we are not intentional in targeting our policy solutions, the economic impact of these job losses will position too many older adults to age into poverty.”

The percentage of Americans aged 65 and over has increased 35% based on the latest U.S. Census data, and as longevity climbs and Americans struggle to save for retirement, work is essential to affording a longer life, the NCOA said in a press release.

NCOA is urging Congress to:

• Restore and strengthen age discrimination protections through new legislation.
• Increase annual funding and provide significant recovery investments in the U.S. Department of Labor’s Senior Community Service Employment Program — the only federal program dedicated to training and placing disadvantaged older adults into jobs.
• Prioritize older workers in workforce development programs.
• Provide caregiver support, family and medical leave, income support, and benefits access.

“Increased federal leadership also is needed,” Alwin said. “An Older Workers Bureau housed at the Labor Department could lead a focused effort across federal agencies to maximize older adults’ workforce participation, which would be good for older adults, employers and society.”

Latest news

FTC Issues Ban on Worker Noncompete Clauses

The Federal Trade Commission says employers can no longer, in most cases, stop their employees from going to work for rival companies.

Inspire Investing’s newest faith-based ETF surpasses $100M AUM in 11 days

The new Inspire 500 ETF offers access to U.S. large cap, “biblically screened companies” at the lowest price point available.

Biden Rule Grants Overtime Pay to 4 Million Workers

The new Biden rule goes even further to extend overtime pay than an Obama-era rule that was struck down in court.

Retirement Advisors Must Act as Fiduciaries Under Final DOL Rule

Starting Sept. 23, investment professionals who offer services as trusted advisers will be required to act as fiduciaries.

Two Advisory Teams Join Cresset Capital Management in San Francisco

The teams previously managed approximately $5 billion in assets at J.P. Morgan, and before that at First Republic Bank.

Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace

She said she was told that her mostly male group thought of her as a mere "second income" for her husband.