NCPSSM — Sanders is pushing for stabilizing Social Security...

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“Sanders is pushing for stabilizing Social Security for the long-term and increasing benefits to seniors by making the financing of Social Security more progressive. That means lifting the ceiling on Social Security taxes and asking higher-income...

Sanders is pushing for stabilizing Social Security for the long-term and increasing benefits to seniors by making the financing of Social Security more progressive. That means lifting the ceiling on Social Security taxes and asking higher-income citizens to do a little more for their country.

By contrast, Republicans are debating among themselves whether to privatize Social Security and make the program another profit center for banks, and/or to raise the retirement age for Americans, making them wait even longer for the modest benefits that lag behind real increases in cost of living.

via The Hill.

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social security bernie sanders working class politics seniors retirement retirees retirement crisis entitlements entitlement reform p2 older americans elderly

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Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis. ““Seniors, I stand with you all the way [on Social Security].” - Rep. Jan Schakowsky “We are in a crisis right now. A...

Earlier this week, Members of Congress and allies met to discuss Social Security and the GOP Congress’ manufactured crisis.

“Seniors, I stand with you all the way [on Social Security].”
- Rep. Jan Schakowsky

“We are in a crisis right now. A retirement crisis. Not a Social Security crisis.” - Rep. Jan Schakowsky

“Stop manufacturing a crisis with the Social Security disability trust fund.”
- Senator Bernie Sanders

“This week anyone earning a million dollars a year will have paid 100% of their payroll taxes for 2015.”
- Max Richtman

Source: ncpssm.org social security Jan Schakowsky bernie sanders politics GOP p2 114th congress seniors retirement retirement crisis entitlements
“Scores of Democrats are calling on President Obama to champion an expansion of Social Security benefits for millions of seniors nationwide. In a letter to be delivered to the White House Monday, the lawmakers say evolving trends surrounding employer...

Scores of Democrats are calling on President Obama to champion an expansion of Social Security benefits for millions of seniors nationwide.

In a letter to be delivered to the White House Monday, the lawmakers say evolving trends surrounding employer retirement packages have put a financial squeeze on the nation’s retirees. They want the president to fill the gap by expanding Social Security.

via The Hill.

We agree. Congress needs to BOOST Social Security benefits for all working Americans. With individuals saving less and less for retirement, it’s important we expand benefits.

Related Reading:

America’s Jump From Economic  Crisis to Retirement Crisis.

How Can I Get My Voice Heard? Sign Our Petition:

Petition to the Leadership of the Congress of the United States: Boost Social Security Benefits NOW.

social security WHCOA politics democrats seniors p2 retirement retirees retirement crisis entitlements entitlement reform bernie sanders
lindasanchez.house.gov

Reps. Linda Sánchez Introduces Strengthening Social Security Act of 2016

Washington, DC – Representatives Linda Sánchez (D-CA), Mike Honda (D-CA), and Mark Pocan (D-WI) along with 45 original co-sponsors today introduced H.R. 5952, the Strengthening Social Security Act of 2016:

Max Ritchman, President and CEO of the National Committee to Preserve Social Security and Medicare: “America’s seniors understand all too well that our nation faces a retirement crisis and improving Social Security benefits is vital to keeping millions from poverty.  Rep. Linda Sanchez’s ‘Strengthening Social Security Act’ makes several important improvements for seniors by: phasing out the payroll tax cap so that the wealthy pay their fair share, creating a Cost of Living adjustment for the elderly and boosting benefits for all retirees including widows/widowers. NCPSSM strongly supports this legislation and applauds Congresswoman Sanchez for doing the right thing for America’s seniors and their families.”

via Representative Linda Sanchez.

Related Reading:

Social Security remains the only stable retirement income for many Americans and this legislation will strengthen the program for millions of current and future retires. 

Source: bit.ly social security politics seniors retirement entitlements p2 entitlement reform retirees retirement crisis older americans elderly strengthen social security act social insurance
“Sen. Bernie Sanders (I-Vt.) Wednesday called on President-elect Donald Trump to announce he would veto any legislation to cut Medicaid, Medicare and Social Security, or admit that he “lied” to the American people. ” Related Reading:• Repeal of the...

Sen. Bernie Sanders (I-Vt.) Wednesday called on President-elect Donald Trump to announce he would veto any legislation to cut Medicaid, Medicare and Social Security, or admit that he “lied” to the American people.

via The Hill.

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  • Repeal of the Affordable Care Act Compromises Medicare, Costs Seniors.
    • “Since the law’s enactment more than 11 million seniors and people with disabilities have received savings and discounts in the Part D donut hole of over $23.5 billion on prescription drugs, an average of $2,127 per beneficiary.  In 2015 alone, an estimated 39.2 million people with Medicare took advantage of at least one preventive service with no copays or deductibles.”
Source: bit.ly bernie sanders politics obamacare affordable care act healthcare health care p2 seniors retirement retirees retirement crisis entitlements entitlement reform older americans elderly social security medicare
bit.ly

Opinion: Detroit workers win by delaying retirement

Workers in Detroit face a major — and very real — retirement crisis. Wealth inequality and workplace changes have practically sawed-off two of the legs of the traditional retirement stool: pensions and private savings. More than half of today’s retirees rely on the third leg of the stool, Social Security, for most of their income. Even with Social Security, some 7% of Michigan seniors live in poverty. The good news is that workers can increase the size of their future Social Security checks by delaying retirement.

Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life. Waiting until after the current full retirement age of 66 yields even greater gains — up to 44% more than early claiming. But too few of Detroit’s workers are taking advantage of this delay-and-gain strategy. More than half of Michigan workers retire by age 62 — four years before they can collect their full Social Security benefits.

Read more from our op-ed by clicking here.

Source: bit.ly politics social security social insurance earned benefits eldelry older americans working class retirement retirement crisis retirement age retirement security retirees entitlements entitlement reform p2
“Bernie Sanders cemented his appeal to older voters on Thursday with renewed calls for an expansion of social security and protection of Medicare from alleged assaults by Republicans. ” More About Our Campaign Which Asks Congress to BOOST Social...

Bernie Sanders cemented his appeal to older voters on Thursday with renewed calls for an expansion of social security and protection of Medicare from alleged assaults by Republicans.

via The Guardian.

More About Our Campaign Which Asks Congress to BOOST Social Security Benefits for All Working Americans:

  • Boost Social Security Campaign Fast Facts.
    • Large majorities of  Americans, both Republicans and Democrats, agree  on ways to strengthen Social Security — without cutting benefits. Fully 74% of Republicans and 88% of Democrats agree that “it is critical to preserve Social Security even if it means increasing Social Security taxes paid by working Americans. NASI 2013 poll.
Source: ncpssm.org social security entitlements entitlement reform seniors politics p2 retirement retirees retirement crisis elderly medicare bernie sanders
“The conservative argument that the retirement crisis is a myth has been based on the notion that Americans actually will have far more in retirement resources than they recognize — particularly that Social Security benefits will amount to a much...

The conservative argument that the retirement crisis is a myth has been based on the notion that Americans actually will have far more in retirement resources than they recognize — particularly that Social Security benefits will amount to a much larger percentage of workers’ lifetime income than has been assumed. Ergo, there’s no need to expand Social Security to give retirees more.

via Los Angeles Times.

Further Reading:

Letter Endorsing Social Security Expansion Act.

Source: ncpssm.org social security politics andrew biggs news entitlements retirement retirement crisis entitlement reform p2 retirees social insurance seniors older americans elderly
The movement in Washington to gut our most crucial social insurance programs - not only Social Security and Medicare, but Medicaid, too - amounts to nothing less than a war on the working class: people at all levels of income and employment who are counting on retirement income and health security.
via Huffington Post.
Source: bit.ly politics social security medicare medicaid seniors entitlements entitlement reform retirees retirement crisis retirement p2 working class older americans elderly social insurance congress
bit.ly

Delaying retirement boosts Social Security checks

Max Richtman

It’s no secret that American workers face a major retirement crisis. Wealth inequality and workplace changes mean more and more retirees have come to rely on Social Security for most of their income. But the average monthly Social Security benefit in Maryland is $1,472 — or roughly $18,000 per year, which is only slightly above the federal poverty line. And even with Social Security, some 7 percent of Maryland’s seniors live in poverty.

The good news is that Maryland workers can increase the size of their future Social Security checks by delaying retirement. Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life, and waiting until after the current full retirement age of 66 yields even greater gains — up to 44 percent more than early claiming.

But too few Marylanders are taking advantage of this “delay-and-gain” strategy, or are even aware of it. The average age for claiming Social Security in Maryland is 64 — two years older than the minimum, but early enough to be penalized with lower benefits, which are cut by roughly 6 percent for every year that they file for Social Security before the full retirement age.

Read our full op-ed by clicking here.

Source: bit.ly politics social security social insurance delay and gain earned benefits p2 elderly seniors retirement retirees retirement crisis entitlements entitlement reform retirement age retirement security
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