Everyone knows that the Social Security trust fund is in crisis. Predictions are that it will be depleted in about six years, at which time Social Security will only be able to pay 77% of benefits. No one wants to see that happen, especially not the millions of retirees who rely on Social Security as the sole source of their retirement income.
On the other hand, there are millions of older Americans with substantial nest eggs. For them, Social Security may just be the icing on the cake. A recent article posted to MSN discusses one solvency solution that targets these people.
The Committee for a Responsible Federal Budget (CRFB), a bipartisan nonprofit, suggests “limiting cost-of-living adjustments (COLA) for the highest-income earners.” They believe this change “could be a rapid, thoughtful, and progressive way to help restore solvency and put Social Security on a sustainable path.”
Council of Seniors Wants to Give Retirees More Money
Those of us here at the Council of Seniors believe we should be increasing COLA, not cutting it. We want Congress to passThe SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for Social Security cost-of-living adjustments that were far too low for years.
Greedy Washington politicians are using retirees’ hard-earned money in other ways, but we’re dedicated to giving it back to those who are rightfully entitled to it.
Please take a moment and sign our petition today to show your support.