A draft version of the Democratic Party’s official platform makes it a priority to protect various retirement benefits – public and private defined benefit pensions and Social Security – from cuts traditionally sought by Republicans.

NAPA-Net listed the key points:

• DOL’s Conflict of Interest Rule: Democrats “will fight against any attempt by Republicans in Congress or on Wall Street to roll back the Conflict of Interest Rule, which requires that retirement advisors put the best interests of their clients above their own financial gain.”
• Multiemployer Pension Plans: “Democrats will also fight to protect the earned pension benefits of Americans in multiemployer pension plans.”
• Other Defined Benefit Plans: Democrats “will defend the right of workers to collect their defined benefit pensions and make sure workers get priority and protection when pension plans are in distress.”
• Social Security: Democrats “will fight every effort to cut, privatize, or weaken Social Security, including attempts to raise the retirement age or to diminish benefits by cutting cost-of-living adjustments. Democrats will expand Social Security so that every American can retire with dignity and respect, including women who are shortchanged by the current system because they are widowed or took time out of the workforce to care for their children, aging parents, or ailing family members. And we will make sure Social Security’s guaranteed benefits continue for generations to come by asking those at the top to pay more, and will achieve this goal by taxing some of the income of people above $250,000. The Democratic Party is also committed to providing all necessary financial support for the Social Security Administration to provide timely benefits and high-quality service for those it serves.”