The chained CPI would mean an immediate benefit cut of $130 per year for the typical 65-year old retiree and would grow exponentially to a $1,400 cut after 30 years of retirement.
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The debates continue on the so-called ‘fiscal cliff’. Members of Congress recently met for a press conference to discuss the Chained CPI and how it’s a cut to Social Security.
Additionally, National Committee’s Rally Corps was there to let Congress know to keep their hands off Social Security!
1. Chained CPI is a significant benefit cut that compounds over time, hitting late old-age beneficiaries and the long-time disabled hardest. For a worker with average earnings retiring at age 65 in 2015, chained CPI would cut benefits $653 a year (3.7 percent) at age 75, $1,139 a year (6.5 percent) at age 85 and $1,611 a year (9.2 percent) at age 95.
Social Security needs to be off the table during these fiscal cliff debates. The Chained CPI is a CUT to Social Security.
Social Security is YOUR money. Not the government’s money! Some in Washington propose using the Chained CPI which will cut Social Security benefits. Tell your Member of Congress NO to the Chained CPI.
We can’t say this enough, the Chained CPI is a benefit cut to Social Security. Seniors, veterans, and the disabled cannot afford a cut to their benefits.
Tell your Member of Congress to oppose the Chained-CPI.
Some in Washington are looking to use the Chained CPI which is a benefit cut to Social Security. It will harm seniors, veterans, the disabled, and will affect local economies.
Sign our petition asking Congress to say NO to the Chained CPI:
http://www.TheTruthNow.org/Petition
After staving off Obama’s plan to cut benefits, progressives are fighting to boost checks to seniors.
Tell your Member of Congress to oppose the Chained CPI!
Congresswoman Donna Edwards speaks at a press conference about the Chained CPI and how it cuts Social Security benefits for everyone.
There are several alternatives to cut the deficit rather than using the Chained CPI. Seniors, veterans, and middle-class rely on Social Security as a source of their income and can’t afford any cuts.
The ‘who’ and 'what’? Who does this Chained CPI affect? Everyone. What does it do? Cut Social Security benefits for everyone.