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THE RECESSION AND THE OLDER WORKER

HEARING

BEFORE THE

SUBCOMMITTEE ON

EMPLOYMENT AND RETIREMENT INCOMES

OF THE

SPECIAL COMMITTEE ON AGING

UNITED STATES SENATE

NINETY-FOURTH CONGRESS

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For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402- Price $1.35

SPECIAL COMMITTEE ON AGING

FRANK CHURCH, Idaho, Chairman

HARRISON A. WILLIAMS, JR., New Jersey
JENNINGS RANDOLPH, West Virginia
EDMUND S. MUSKIE, Maine
FRANK E. MOSS, Utah

EDWARD M. KENNEDY, Massachusetts
WALTER F. MONDALE, Minnesota
VANCE HARTKE, Indiana
CLAIBORNE PELL, Rhode Island
THOMAS F. EAGLETON, Missouri
JOHN V. TUNNEY, California
LAWTON CHILES, Florida
DICK CLARK, Iowa

HIRAM L. FONG, Hawaii
CLIFFORD P. HANSEN, Wyoming
EDWARD W. BROOKE, Massachusetts
CHARLES H. PERCY, Illinois
ROBERT T. STAFFORD, Vermont
J. GLENN BEALL, JR., Maryland
PETE V. DOMENICI, New Mexico
BILL BROCK, Tennessee

DEWEY F. BARTLETT, Oklahoma

WILLIAM E. ORIOL, Staff Director
DAVID A. AFFELDT, Chief Counsel

VAL J. HALAMANDARIS, Associate Counsel
JOHN GUY MILLER, Minority Staff Director
PATRICIA G. ORIOL, Chief Clerk

SUBCOMMITTEE ON EMPLOYMENT AND RETIREMENT INCOMES JENNINGS RANDOLPH, West Virginia, Chairman

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CONTENTS

CHRONOLOGICAL LIST OF WITNESSES

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Green, A. Rodger, volunteer, Service Corps of Retired Executives__-

Panel on elderly organizations:

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THE RECESSION AND THE OLDER WORKER

THURSDAY, AUGUST 14, 1975

U.S. SENATE,

SUBCOMMITTEE ON EMPLOYMENT AND

RETIREMENT INCOMES OF THE

SPECIAL COMMITTEE ON AGING,

Chicago, Ill.

The subcommittee met, pursuant to notice, at 10 a.m., in the council chambers, City Hall, Chicago, Ill., Hon. Jennings Randolph (chairman) presiding.

Present: Senator Randolph.

Also present: David A. Affeldt, chief counsel; John Guy Miller, minority staff director; and Kathryn Dann, assistant chief clerk.

OPENING STATEMENT BY SENATOR JENNINGS RANDOLPH,

CHAIRMAN

Senator RANDOLPH. A pleasant good morning, ladies and gentlemen. We like to use the terminology "your subcommittee." The Congress of the United States does not belong to a party. It does not belong to an administration. It belongs to no single member. It is a Congress elected by the American people, and so today this is your hearing. It is part of our American system of going to the people, listening to the people, and working with the people.

The Subcommittee on Employment and Retirement Incomes of the Senate Committee on Aging is now in the process of what we hope to be an in-depth study of the recession and the older worker.

This day has a special symbolism. It indicates the dimension of timeliness. It is the 40th anniversary of the signing of the Federal Social Security Act.

I hope it is not improper for me to say that it has a special personal significance for me. It was my privilege and responsibility 40 years ago to be a Member of the U.S. House of Representatives. The legislation had my active support and my vote when the original measure was before us.

Today, in the Congress of the United States, only four of us are left "hanging on the vine"-Representatives Wright Patman and George Mahon of Texas, Senator McClellan of Arkansas, and your chairman for today's hearing. I think if you would permit me especially to indicate to you that I believe that the law enacted then has, with modification and change, been the law that serves America well in 1975.

Of course, there were improvements made through the years. We still must make these improvements. They are needed. I think we have

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