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Act Now

Protect federal and military retirees!

The hard-earned pensions of veterans and federal retirees are being targeted by unscrupulous companies. Sign the petition below to demand that Congress act now to stop this predatory practice.

In recent years, a number of companies have begun to market a deceptive financial product called a “pension advance” by preying on vulnerable federal and military retirees – often those with poor credit and in need of extra income. These companies are skirting state and federal laws by going after these hard-earned pensions. 

The companies promise that pension advances offer “painless” borrowing, but they don’t disclose the hidden fees and high interest rates, which often range from  27 to 46 percent – high enough to plunge the retirees who take these loans even deeper into debt. 

Fortunately, Rep. Matt Cartwright (D-PA) has introduced H.R. 3310, the Annuity Safety and Security Under Reasonable Enforcement Act (ASSURE Act), which would make unfair pension advances illegal.

*By signing this petition you agree to receive future e-mails from the Pension Rights Center.