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The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

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Caregiving and Retirement Security: Top Legislative Issues for Women

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Monday, January 26, 2015   

ROCKVILLE, Md. – Caregiving and retirement security are two of the big issues for women in Maryland.

Hundreds of women attending a legislative briefing Sunday in Rockville learned about how families facing those challenges could be helped.

One option the General Assembly is expected to consider in Maryland is the CARE Act (Caregiver Advise, Record, Enable Act), which would require hospitals to train caregivers before a patient is discharged.

Nancy LeaMond, AARP's State and National group executive vice president, spoke at the event.

"This is a bill we think is common sense,” she said. “It doesn't cost the Treasury anything, and last year the law was signed by Gov. Chris Christie in New Jersey and Gov. Mary Fallin in Oklahoma. And we're very much hoping that Maryland is going to be next on the list."

LeaMond also shared statistics about Maryland caregivers.

She said it's usually a 49-year-old working woman, and while men also fit the role, it's mostly women.

Caregivers in Maryland provide more than $8 billion in uncompensated services each year.

LeaMond added that finances can get complicated for the silent army of caregivers, and women tend to face more financial challenges than men – especially in later years.

"They're living longer and need to have those assets last longer,” she pointed out. “They're still typically paid less than men, and women are more likely to be primary caregivers."

One idea for legislative consideration is a work-and-save plan, similar to a 401k, with automatic deposits through payroll.

The briefing was coordinated by the Montgomery County Commission for Women, and AARP was a sponsor.





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