that is something that is from the early days of erisa. erisa is? guest: federal law governing pensions in the united states. host: thank you. guest: the younger workers, even if they want to save, sometimes not have the opportunity to save in their employer's pension plan because excluded.been host: from retired worker in florida, brenda, you are next, go ahead. yes, i retired at the age of around 52. later onrt disease and had breast cancer, i filed for disability, got it after working 35 years. the key was working 35 years. to start putting in an ira, where i worked, from the time i did work. i retired, i started etting social security, medicare and drawing on my ira 59 and a half. the key to retiring is to get stay out of debt and spend your money wisely -- there is one more sell a home if you later in life, say you have a second home or something, put money into a certificate, where you are at least earning 2.5%, on $100,000 that is $2500 times five year is almost $12,000. host: caller, thank you, good there. guest: yes, i would say, very good

done a department -- have you done a complete assessment of the number of women and dependents in erisa plans that could lose access to contraceptive coverage and if so what's the number? secretary acosta: congresswoman, as i said previously, the rule recognizes that for some organizations the religious freedom should allow them to not offer that coverage. it provides the option for that organization. it was enacted truant to the administrative procedures act. within the a.p.a., there is a requirement that a.p.a. process, engage in a cost-benefit analysis and that would be contained within that cost-benefit analysis. that's something we can certainly provide to you or to your staff. ms. adams: so you have that in an assessment? you know how many, is that what you're saying? secretary acosta: i am saying within a rule there is a cost-benefit analysis that takes place and that assessment is required by the administrative procedures act and so that assessment can -- ms. adams: ok, thank you very much. so according to the national women law center, when we think about the way -- someone rai

that is something that is from the early days of erisa. erisa is?uest: federal law governing pensions in the united states. host: thank you. guest: the younger workers, even if they want to save, sometimes not have the opportunity to save in their employer's pension plan because excluded.been host: from retired worker in florida, brenda, you are next, go ahead. yes, i retired at the age of around 52. later onrt disease and had breast cancer, i filed for disability, got it after working 35 years. the key was working 35 years. to start putting in an ira, where i worked, from the time i did work. i retired, i started etting social security, medicare and drawing on my ira 59 and a half. the key to retiring is to get stay out of debt and spend your money wisely -- there is one more sell a home if you later in life, say you have a second home or something, put money into a certificate, where you are at least earning 2.5%, on $100,000 that is $2500 times five year is almost $12,000. host: caller, thank you, good there. guest: yes, i would say, very good ad

policies are regulated by the state of new jersey. 70% are regulated by the federal government under erisa. we say, why doesn't the department of labor step in? they don't have the authority to do it. the statute that congress assed in the mental health parody act, they do not allow the department of labor to fine an insurance company or an employer who is not treating mental health and addiction parody act, they do with parody and they do not allow the department of labor to investigate individual insurance companies. they must go employer by employer. how ridiculous is that? we urge the congress and the commission to give the secretary of labor both the authority and the responsibility to fine insurance companies that are not treating addiction with parody to all other diseases and to give the secretary of labor the authority and the responsibility to be able to investigate insurance companies directly. not have to go by employer by employer by employer when we know that we have a number of very large insurance companies in this nation that cover thousands of employers. as a former prose

we started the idea erisa and -- and it was a failure.cription to get more people actually comfortable? 9/11 ell: it's very nigel: it's very sad and people have underserved for their retirement. they think of their house as part of the retirement and we haven't created enough financial products away the house which will allow people to get income from their house in the retirement market and have done so at the u.k. where we have 35% of what you call reverse mortgages, we call lifetime mortgages over here and has to be a bigger market in the u.k. and u.s. and the regulators have to make it easier to do that. we have soft compulsion and people have to buy auto insurance. we have to have an sbment of hard com pulingts and not just self-compulsion. tom: as we speak, i know you've been following it, the senate of the united states of america is doing everything they can to peel back incentives to retire. it's almost as if these governments are clueless as to he day to day blind of investment holders. what does the senate need to do the next 4