The American Legislative Exchange Council (ALEC) has been described as a “shadowy group” of companies and politicians working behind closed doors to rewrite our laws, frequently to bolster corporate profits at any cost. Over the last 41 years, ALEC has worked tirelessly to tear down many of the programs and protections Americans, particularly seniors, have come to rely on, and only recently have many of their objectives come to light.
ALEC doesn’t just exist in the backrooms of Washington, D.C.; they’re also in the backyards of every community in every state, pursuing their agenda at the state and local level. When these representatives and corporations sit down at the table to craft “model” legislation, middle-class Americans don’t win.
These pieces of legislation are uniformly disastrous for retirees and anyone who hopes to retire one day. They include initiatives to wipe out public pensions systems in favor of private 401(k) plans, regardless of how well the public pension is doing. Policies like this not only scapegoat and attack public services, public workers and collective bargaining but expose workers to higher fees, which go straight into the pockets of Wall Street bankers.
