WASHINGTON (3/12/15)--Sen. Susan Collins (R-Maine), chair of the Senate Special Committee on Aging, will hear from a Maine credit union human resources expert during today's hearing on "How Prepared Americans are for Retirement."
The Maine Credit Union League, which has been a resource on financial elder abuse for Collins, announced Wednesday that Rob Carmichael, senior vice president of human resources (HR), Maine Savings FCU, Hampden, will be one of the four witnesses.
Carmichael, who is a member of the Maine Credit Union HR Council and serves on the executive committee of the CUNA HR/TD Council, will present the ways his credit union helps employees prepare financially for retirement.
"It is an honor to have Sen. Collins recognize the efforts and leadership of Maine's credit unions on elder financial issues facing older Americans by asking us to appear before her committee," said league President John Murphy.
Carmichael applauded Collins for bringing attention to the issue of being financially prepared for retirement. "Helping to ensure that people are financially secure in retirement is very important, and I welcome the opportunity to be part of that conversation," he said.
Other witnesses are Jean Chatzky, personal finance expert and author of "Money Rules"; Alicia Munnell, director, Center for Retirement Research, Boston College; and Michal Grinstein-Weiss, associate professor, Brown School of Social Work, and associate director, Center for Social Development, Washington University.
The hearing begins at 10:30 a.m. (ET), and the livestream is available at the committee's website.