FOR IMMEDIATE RELEASE
August 16, 2023
INDIANAPOLIS - On Tuesday, August 22, U.S. Senate Special Committee on Aging Ranking Member Mike Braun will hold a field hearing entitled, “Economic Challenges and Opportunities for Older Americans.” The hearing will examine obstacles older Americans have faced under recent economic conditions, approaches to alleviating these burdens, and opportunities ahead. Specifically, the hearing will consider the impact of inflation on older workers and retirement security; the effect of misguided labor regulations like the Joint Employer Rule on employers, and of ESG policies on family farmers; and the consequences of Social Security’s shortcomings on the lives of law enforcement officers. The hearing will also highlight the value older workers provide to employers and communities.
Witnesses for the hearing will include:
• Mr. Toby Deaton, Vice President, Indiana Fraternal Order of Police, Chief Deputy Sheriff, Scott County, IN
• Mr. Tom McKinney, President and Owner, McKinney Farms, Inc., Kempton, IN
• Mr. Wesley Snyder, Multi-brand Franchise Owner, Fishers, IN
• Ms. Valerie A. Jones, Assistant to the Philanthropist, St. Vincent de Paul, Indianapolis, IN
When: Tuesday, August 22, 2:30PM ET.
Where: Pershing Auditorium at the Indiana War Memorial, Indianapolis, IN
Watch: Live broadcast online here.
Media RSVP to Allison_Dong@braun.senate.gov by 10:00AM ET on Tuesday, August 22nd.
Over the last two decades, the share of the workforce aged 55 or older almost doubled. By 2028, over a quarter of the workforce will be aged 55 or older.
Inflation has been a factor in forcing retirees back to work. 43 percent of those considering returning to work are doing so because of inflation.
In May, Senator Braun released a report entitled, “What’s Working for Older Workers,” which examines the challenges that older workers are facing and provides recommendations for Congress and the Administration to support older workers, protect their retirement security and strengthen their workforce participation. Read the full report here.