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Local News

Wyden Trying to Stop "Pension Poachers"


U.S. Senator Ron Wyden calls them "pension poachers" and says its time to "drain the swamp".  Wyden hosted a special hearing Wednesday in Washington D.C.  The two hour hearing covered the problem of some lawyers and financial advisors showing veterans how they can hide assets in order to qualify for veterans benefits.  Many who testified said it’s almost criminal: that the veterans pay thousands of dollars in fees and commissions, and then find out later that they are unknowingly cheating the system.  “So you see veterans hurt, and second it seems to me when you see the federal budget, what we face ahead, all of these tough decisions, we need to protect a life line for the needy.  That's what this is all about; for the needy.  It’s for them, instead of people who fleece it."  Wyden says the risk is if the program is wrought with fraud the danger is that it will be discontinued and then very poor veterans won't get anything.


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