WASHINGTON—Sen. Chuck Grassley will receive the Guardian of Seniors’ Rights award from the 60 Plus Association on Friday, November 20, for his work to create financial stability for seniors through tax reform.
The 60 Plus Association will present Grassley with the award at Western Home Communities in Cedar Falls. Following the award presentation, Grassley will meet with Western Home Communities employees and answer questions.
“I’m honored to receive this award. I’ve worked in the Senate to advance retirement security, going back to my work as chairman of the Aging Committee, continuing as Finance Committee chairman, where I led the committee’s work on enacted provisions that improved qualified retirement accounts. This included increasing and indexing to inflation the amounts that can be contributed to IRAs and employer defined contribution plans, such 401(k)s, as well as allowing individuals over the age of 50 to make ‘catch-up’ contributions to increase their retirement income security. The catch-up provisions were designed to be especially helpful to women, whose time out of the workforce affected their employment-based retirement savings. Pro-savings and pro-growth tax policy continue to be a high priority for me as a lawmaker. Going forward, the right kind of comprehensive tax reform would increase financial security for everyone by keeping tax rates low and fair and giving certainty to the tax code from year to year, so taxpayers know what to expect and can budget accordingly,” Grassley said.
Details on the award presentation are as follows. Members of the press may attend.
Friday, November 20
9:15-10 a.m.
Western Home Communities
Windridge
5311 Hyacinth Drive
Cedar Falls
-30-