Skip to contentNational Women's Law Center

Last Week, Chained CPI—This Week, Raising the Retirement Age and More

It’s August in Washington, DC and Congress is out of town—but the House Ways and Means Committee wants to know what you think about additional ways to cut Social Security benefits.

Through last week, Ways and Means Committee Chairman Dave Camp (R-MI) invited comments on adopting the chained CPI: a proposal that would reduce annual cost-of-living adjustments for Social Security and cut the value of benefits more and more every year. Seven thousand of you joined us to tell the Committee that the chained CPI is especially harmful to women. Now the Committee is asking for comments by August 29 on other proposed benefit cuts, including raising the retirement age and changing the benefit formula to reduce benefits.

Raising the retirement age is really just another way to cut benefits. It reduces benefits no matter when an individual claims benefits. Increasing the retirement age from 67 (the current retirement age for people born in 1960 or later) to 69 would reduce benefits by about 13 percent, whether an individual claims benefits at 65, 67, 69—or even 70.

The Ways and Means Committee is also looking at other proposals by Erskine Bowles and Alan Simpson, co-chairs of the Fiscal Commission appointed by President Obama, in their 2010 report. Specifically, Bowles-Simpson proposed a change in the benefit formula that would reduce benefits for everyone with lifetime earnings above the median ($37,000 a year in 2010).

With pensions continuing to disappear, the secure lifetime income that Social Security provides is more important than ever. Benefits should be expanded—not cut.

The Committee does mention one potential benefit improvement: an increase in Social Security’s minimum benefit. By itself, this change would be especially helpful to women and other workers with low earnings. But the Ways and Means Committee, like Bowles-Simpson, is only considering this improvement as part of a package that includes far larger benefit cuts. An analysis of the full Bowles-Simpson plan, including both its cuts and its enhancements to benefits, found that it would reduce benefits for 92 percent of seniors overall; and, despite claims that the plan would protect those most in need, would reduce benefits for 81 percent of seniors in the lowest 20 percent of the income spectrum.

In sharp contrast, the Social Security Enhancement and Protection Act introduced by Rep. Gwen Moore (D-WI) would improve Social Security’s minimum benefit, increase benefits for long-term beneficiaries, restore the student benefit, and strengthen the financing of the Social Security system for decades — without cutting benefits.

You can tell the Committee what you think of their latest ideas for cutting Social Security benefits here.

Comments

this is very nice one and

this is very nice one and gives indepth information. thanks for this nice articlehealth . Download PDF Ebooks

Very informative post ! There

Very informative post ! There is a lot of information here that can help any business get started with a successful social networking campaign !digital scrapbooking

n fact your creative writing

n fact your creative writing abilities has inspired me to start my own BlogEngine blog now. Really the blogging is spreading its wings rapidly.. brazilian hair weave

My pleasure to being here on

My pleasure to being here on your blog..I wanna come beck here for new post from your site.. Free PDF Ebooks

must say that a succesful

must say that a succesful family owned business in this day and age is a very refreshing sight! As well as this is a very refreshing site.. Free PDF Links

this is very nice one and

this is very nice one and gives indepth information. thanks for this nice articlehealth .. vista verde

The clarity in your post is

The clarity in your post is just great and i can assume you are an expert on this subject.. debt relief

This has really made me think

This has really made me think and I hope to read more. sd card recovery

I must say that a succesful

I must say that a succesful family owned business in this day and age is a very refreshing sight! As well as this is a very refreshing site. cod advanced warfare cheat

I would love to stop by. But,

I would love to stop by. But, I think it might have to wait until this summer. I did not know that Serlkay had ever expanded its size. http://www.youtube.com/watch?v=wHFnxoFI_48

Thanks for sharing this

Thanks for sharing this interesting blog with us.My pleasure to being here on your blog..I wanna come beck here for new post from your site. virgin indian hair weave

Thanks for sharing this

Thanks for sharing this interesting blog with us.My pleasure to being here on your blog..I wanna come beck here for new post from your site. virgin indian hair weave

Thank you very much for such

Thank you very much for such an interesting post, and I meet them more often then I visited this site. brazilian wave hair

Our Mission here is to be

Our Mission here is to be your ultimate online solution for buying and selling new and used vehicles... Look At This

http://liketherecord.com/cover-bands-cleveland/

Next time I just read your blog, Hopefully it does not dissatisfy me around That One. I am Talking about, Yes, it was my option to read, however I really thought I'd Have you something interesting to state. http://liketherecord.com/cover-bands-cleveland/

digital scrapbooking

I am really enjoying reading your well written articles. It looks like you spend a lot of effort and time on your blog. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work. digital scrapbooking

Thanks for sharing this

Thanks for sharing this interesting blog with us.My pleasure to being here on your blog..I wanna come beck here for new post from your site. Free PDF Ebooks

I'm going to read this. I'll

I'm going to read this. I'll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe the reality. this is very nice one and gives indepth information. thanks for this nice articlehealth articles

We are not even producing 20

We are not even producing 20 tons of gold per annum. That gold is not even ours. Where would we get money to buy the gold? And why would we want to trap a whole four billion dollars in a vault when we could be using it,dermatologista

Thank you very much for

Thank you very much for writing such an interesting article on this topic. This has really made me think and I hope to read more. garden furniture

the vendor will implement

the vendor will implement Cognos BI and SPSS -- expected to go live by year-end -- to allow Culturecom to understand social sentiments and provide ‘hyper personalized services’ to customers, IBM..UGR

I would love to stop by. But,

I would love to stop by. But, I think it might have to wait until this summer. I did not know that Serlkay had ever expanded its size. I must say that a succesful family owned business in this day and age is a very refreshing sight! As well as this is a very refreshing site!zanzibar tours and airport transfers

free google play codes

Thank you for your post, I look for such article along time, today i find it finally. this post give me lots of advise it is very useful for me. free google play codes

I look for such article along

I look for such article along time, today i find it finally. this post give me lots of advise it is very useful for me. ..laundry renting

I recently came across your

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog, I will keep visiting this blog very often.Tampa Web Design

Thanks for sharing this

Thanks for sharing this interesting blog with us.My pleasure to being here on your blog..I wanna come beck here for new post from your site. Tampa Software Development

Thanks for ones marvelous

Thanks for ones marvelous posting! I genuinely enjoyed reading it,you are a great author. I will be sure to bookmark your blog and may come back very soon. I want to encourage you to definitely continue your great job, have a nice weekend.Tampa SEO

I also benefit from learning

I also benefit from learning the assessments, but learn that alot of people ought to stay on essay to try and add worth in the direction of the authentic weblog release new projects in singapore

I also benefit from learning

I also benefit from learning the assessments, but learn that alot of people ought to stay on essay to try and add worth in the direction of the authentic weblog release new projects in singapore

Sandhi Sudha Plus In Pakistan

A sensational with Sandhi Sudha And also has experience by way of many individuals. The fact is that there are lots of those unfortunates who are experiencing from synovial cramps & with regard to their relief medication they can be dependent upon suffering killers. For more information Sandhi Sudha Plus

HVAC talk

By using labor force administration software program inside your company it might be appear simple for those who have just a couple workers and also have the change foundation integrated, however it might not be very easy whenever making the most of earnings in your company. For more information HVAC

The Moog Guitar's incredible

The Moog Guitar's incredible expressive powers to a whole new world of guitarists. ... iphone 5 screen protectors best

Gwen Moore (D-WI) would

Gwen Moore (D-WI) would improve Social Security’s minimum benefit, increase benefits for long-term beneficiaries, restore the student benefit, and strengthen the financing of the Social Security system for decades — without cutting benefits.https://www.facebook.com/salhokair

BlackMen

In fact your creative writing abilities has inspired me to start my own BlogEngine blog now.Sultan Alhokair

Thank you for rendering these

Thank you for rendering these helpful, trusted, edifying and in addition cool thoughts on the topic.... glass screen protector

Gestionale E-Commerce Professionale

at was an interesting piece
Submitted by http://littlesis.org/person/71288/Andrew_Heiberger on Thu, 2014-06-12 07:32

That was an
\
Gestionale E-Commerce Professionale

This is because dogs are

This is because dogs are friends of human beings and they are more loyal than any animal as well. http://paulmathieson.jigsy.com/

hoping the same best work

hoping the same best work from you in the future as well. In fact your creative writing abilities has inspired me to start my own BlogEngine blog now. Really the blogging is spreading its wings rapidly. Your write up is a fine example of it you for the efforts you have made in writ manual backlinks

spreading its wings rapidly.

spreading its wings rapidly. Your write up is a fine example of it you for the efforts you have made in write....CARILLAS PORCELANA MADRID

simply structure any boots or

simply structure any boots or shoes. Contain エアマックス a challenge related to Weather Jordans? In need of information on certain GO here!

Thanks for writing such a

Thanks for writing such a good article, I stumbled onto your blog and read a few post. I like your style of writing. http://benshaoul.tumblr.com

That was an interesting piece

That was an interesting piece of information on handwriting analysis. Please post more about this interesting topic. http://online.wsj.com/news/articles/SB10001424052748703493504576007852312450920

piece of information on

piece of information on handwriting analysis. Please post more about this interesting ...renting textil

You can tell the Committee

You can tell the Committee what you think of their latest ideas for cutting Social Security benefits GO here!

This is my first opportunity

This is my first opportunity to visit this website I found some interesting things and I will apply to the development of my blog. View this site

visit this website I found

visit this website I found some interesting things and I will apply to the development of my blog....decoracion

BlackMen

s Committee, like Bowles-Simpson, is only considering this improvement as part of a package that includes far larger benefit cuts.http://mashable.com/people/igorcornelsen/

spreading its wings rapidly.

spreading its wings rapidly. Your write up is a fine example of it you for the efforts you have made in writing this article Top Training & classes

manual high pr backlinks

La coopération entre les Etats-Unis et l’Afrique s’intensifie dans le domaine de la lutte contre la cybercriminalité. Ainsi, le Bureau Fédéral d’Investigations (FBI) a piloté un atelier de formation à Dakar, pour une durée de trois jours au profit des act manual high pr backlinks

Etats-Unis et l’Afrique

Etats-Unis et l’Afrique s’intensifie dans le domaine de la lutte contre la cybercriminalité...dog watch fence wire gauge

Post new comment