Font Size
    • Share to Facebook
    • Twitter
    • Email
    • Print

News Conference

Media Advisory

December 19, 2012


Thursday, December 20th
House Triangle

The National Committee to Preserve Social Security and Medicare will join Members of Congress at a Capitol Hill news conference detailing what changing the current cost of living allowance formula to a stingier chained CPI will mean for millions of Americans. 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.

Contrary to the political spin, this chained CPI proposal isn’t a “tweak” or an “adjustment,” it’s designed to cut benefits and raises taxes, largely on the poor and middle class, totaling $208 billion over ten years. $112 billion of those benefits cuts come from Social Security alone with up to $24 billion coming from VA benefits and civilian and military retirement pay cuts.

  • Rep. Donna Edwards (D-MD), Rep. Jan Schakowsky (D-IL), Peter DeFazio (D-OR) and Keith Ellison (D-MN)
  • Dan Adcock, Director of Government Relations and Policy, National Committee to Preserve Social Security and Medicare


The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.

Media Inquiries to:

Pamela Causey 202-216-8378/202-236-2123
Kim Wright 202-216-8414

Subscribe e-Alerts

Sign up to receive National Committee updates on Social Security and Medicare.

Read Our Blog

Telling the Truth about Social Security's Funding isn't "Nasty" it's Just Reality

While Social Security and Medicare finally got their 90 seconds of fame last night, as expected, the question was framed exactly how Washington's well-funded fiscal hawks had hoped -- America can't afford "entitlements," (wrong), the programs are the biggest drivers of our debt (nope), are going bankrupt (actually no, they're not) and then the real heart of the question: How are you going to cut benefits?

Read More




Copyright © 2016 by NCPSSM
Login  |