Social Security was originally intended to be one leg of a “three-legged stool” consisting of Social Security, private pensions, and savings and investment. However, that’s not the case for millions of seniors who rely on this crucial program for their retirement income.
According to an article by Yahoo! Finance, nearly half of private-sector workers in the United States do not have a retirement account. That’s typically because they do not have access to an employer-sponsored retirement plan, like a 401(k). About 56 million workers say their employers do not offer a retirement savings plan. As a result, they will likely depend on Social Security during their retirement.
Council of Seniors is Here to Help Older Americans
All of us here at the Council of Seniors want to improve retirees’ financial futures and ensure they receive their full Social Security benefits. We are working with members of Congress to introduce the “Social Security Restitution Act.” It would provide an estimated $970 payment to every retired worker receiving Social Security benefits to help offset years of inadequate cost-of-living adjustments
Please take a moment and sign our petition today to show your support.