Boost Social Security NOW
Three decades of stagnant middle-class incomes, disappearing pensions, limited ability to start and maintain personal savings, and the failure of the 401K experiment lay the foundation for a retirement crisis that could further threaten millions of older Americans and their families.
It’s time to Boost Social Security Now to preserve a secure retirement.
Find out more about our Boost Social Security Now campaign.
Congress Should Lift the Payroll Tax Cap to Help Future Generations
Quote: “Here’s the reality, at the rate we’re spending, the system (Social Security) will be bankrupt by the time you and I are actually eligible to get these benefits. “We can’t afford it.” “While we’re living two decades longer we haven’t made any changes.” ”
Source: Millennials Face Big Problems
Reporter: Abby Hunstman
Correction:
MSNBC anchor Abby Huntsman (daughter of GOP Presidential Candidate Jon Huntsman) clearly misunderstands Social Security’s funding and twists both life expectancy data and worker ratios to the breaking point to build a false case for cutting Social Security benefits for millennials. Contrary to Huntsman’s claims, there is not a single scenario or economic projection in which Social Security goes bankrupt, most Americans aren’t living 20 years longer and there have been numerous reforms to Social Security in the past, including raising the retirement age.
If Washington does nothing at all by the time the Trust Fund is depleted in 2033, millennials and generations after them will receive a 25% benefit cut. Huntsman urges raising the retirement age to 70-75 on top of that which means an even larger benefit cut for our children and grandchildren. Unfortunately, rather than educating her fellow millennials with the facts, her “fix” for Social Security comes straight from the multi-billion dollar anti-entitlement lobby’s talking points. There are ways to fill the funding gap without hitting future generations with huge benefit cuts. Rather than gutting Social Security under the guise of “fixing it”, Congress should lift the payroll tax cap and enact other meaningful reforms to strengthen the program for future generations.
“Know Your Rights” Informs LGBT Community of Their Social Security Eligibility
For the first time in its long history, the Social Security Administration is providing benefits to same sex married couples, thanks to the Supreme Court’s June 2013 Windsor ruling in the Defense of Marriage Act. This is a significant development with important financial implications for millions of elder lesbian, gay, bisexual, and transgender Americans, same sex spouses, widows, and children of LGBT parents.
Launched in Fall 2013 in the San Francisco Bay area, “Know Your Rights” is a national education campaign for LGBT Americans impacted by the Windsor decision. The Foundation of the National Committee to Preserve Social Security and Medicare events are funded in part by the Archstone Foundation to help support a series of “Know Your Rights” town halls in Los Angeles March 18-20. The town halls will include panel discussions with the Social Security Administration, legal experts, and seniors’ and LGBT advocates. Community partners include the LA Gay and Lesbian Center, the Latino Equity Alliance, The Center-Long Beach and API Equality-LA with co-sponsorship by the Los Angeles City and County Departments of Aging.
EVENT DETAILS
Tuesday, March 18th
5:30 pm Reception
6:30 pm Program
LA Gay & Lesbian Center
1125 N. McCadden Place
Los Angeles, CA 90038
Wednesday, March 19th
6:00 pm Reception
6:30 pm Program
Bixby Park Community Center
Long Beach, CA 90802
RSVP to Porter Gilberg
(562) 434-4455 ext. 245
Thursday, March 20th
6:00 pm Reception
7:00 pm Program
Boyle Heights New City Hall
2130 East 1st Street
Los Angeles, CA 90033
The March 18th session, moderated by LA Gay and Lesbian Center CEO, Lorri Jean, will feature panel discussions with the Social Security Administration, legal experts, and seniors’ and LGBT advocates and will be available via webcast for those who can not attend in person.
March 18th 6:30 – 8:00 pm PT
Register online for the “Know Your Rights” Webcast here.
Seniors and Poverty
The Kaiser Family Foundation has produced a wonderful new video, Old and Poor: America’s Forgotten. It was debuted at this week’s Senate Special Committee on Aging hearing examining the war on poverty and seniors. We consider this a must-watch, must-share video.
There’s Good News and Bad News for Seniors in the President’s Budget Plan
2015 Budget Reaction from National Committee to Preserve Social Security and Medicare President/CEO, Max Richtman
“While the President’s budget thankfully no longer includes cuts to Social Security, his 2015 plan unfortunately still targets seniors by shifting more costs to Medicare beneficiaries through increased means-testing, premium hikes and co-pays. While some tout increasing means testing in Medicare as a way to insure ‘rich’ seniors pay their share, the truth is, the middle-class will take this hit too.
Medicare has already been means-tested since 2007 and the number of beneficiaries subject to higher premiums has been increasing. If passed, this means testing proposal targets even middle-class individuals with the equivalent income of just $45,600 – these are not ‘wealthy’ seniors by any measure. Shifting even more costs to seniors ignores the economic challenges many face just getting by day-to-day. It also exacerbates the retirement deficit gap millions of Americans face now and into the future.
Our nation faces a retirement security crisis. Shifting even more costs to seniors worsens that crisis rather than addressing it head-on. While acknowledging this crisis with proposals such as myRA and automatic IRA’s, this budget focuses attention on the private sector rather than strengthening the number one source of income for many seniors, Social Security. As a nation we should be looking for ways to boost Social Security’s benefits.” Max Richtman, NCPSSM President and CEO
Boost Social Security NOW
Three decades of stagnant middle-class incomes, disappearing pensions, limited ability to start and maintain personal savings, and the failure of the 401K experiment lay the foundation for a retirement crisis that could further threaten millions of older Americans and their families.
It’s time to Boost Social Security Now to preserve a secure retirement.
Find out more about our Boost Social Security Now campaign.
Congress Should Lift the Payroll Tax Cap to Help Future Generations
Quote: “Here’s the reality, at the rate we’re spending, the system (Social Security) will be bankrupt by the time you and I are actually eligible to get these benefits. “We can’t afford it.” “While we’re living two decades longer we haven’t made any changes.” ”
Source: Millennials Face Big Problems
Reporter: Abby Hunstman
Correction:
MSNBC anchor Abby Huntsman (daughter of GOP Presidential Candidate Jon Huntsman) clearly misunderstands Social Security’s funding and twists both life expectancy data and worker ratios to the breaking point to build a false case for cutting Social Security benefits for millennials. Contrary to Huntsman’s claims, there is not a single scenario or economic projection in which Social Security goes bankrupt, most Americans aren’t living 20 years longer and there have been numerous reforms to Social Security in the past, including raising the retirement age.
If Washington does nothing at all by the time the Trust Fund is depleted in 2033, millennials and generations after them will receive a 25% benefit cut. Huntsman urges raising the retirement age to 70-75 on top of that which means an even larger benefit cut for our children and grandchildren. Unfortunately, rather than educating her fellow millennials with the facts, her “fix” for Social Security comes straight from the multi-billion dollar anti-entitlement lobby’s talking points. There are ways to fill the funding gap without hitting future generations with huge benefit cuts. Rather than gutting Social Security under the guise of “fixing it”, Congress should lift the payroll tax cap and enact other meaningful reforms to strengthen the program for future generations.
“Know Your Rights” Informs LGBT Community of Their Social Security Eligibility
For the first time in its long history, the Social Security Administration is providing benefits to same sex married couples, thanks to the Supreme Court’s June 2013 Windsor ruling in the Defense of Marriage Act. This is a significant development with important financial implications for millions of elder lesbian, gay, bisexual, and transgender Americans, same sex spouses, widows, and children of LGBT parents.
Launched in Fall 2013 in the San Francisco Bay area, “Know Your Rights” is a national education campaign for LGBT Americans impacted by the Windsor decision. The Foundation of the National Committee to Preserve Social Security and Medicare events are funded in part by the Archstone Foundation to help support a series of “Know Your Rights” town halls in Los Angeles March 18-20. The town halls will include panel discussions with the Social Security Administration, legal experts, and seniors’ and LGBT advocates. Community partners include the LA Gay and Lesbian Center, the Latino Equity Alliance, The Center-Long Beach and API Equality-LA with co-sponsorship by the Los Angeles City and County Departments of Aging.
EVENT DETAILS
Tuesday, March 18th
5:30 pm Reception
6:30 pm Program
LA Gay & Lesbian Center
1125 N. McCadden Place
Los Angeles, CA 90038
Wednesday, March 19th
6:00 pm Reception
6:30 pm Program
Bixby Park Community Center
Long Beach, CA 90802
RSVP to Porter Gilberg
(562) 434-4455 ext. 245
Thursday, March 20th
6:00 pm Reception
7:00 pm Program
Boyle Heights New City Hall
2130 East 1st Street
Los Angeles, CA 90033
The March 18th session, moderated by LA Gay and Lesbian Center CEO, Lorri Jean, will feature panel discussions with the Social Security Administration, legal experts, and seniors’ and LGBT advocates and will be available via webcast for those who can not attend in person.
March 18th 6:30 – 8:00 pm PT
Register online for the “Know Your Rights” Webcast here.
Seniors and Poverty
The Kaiser Family Foundation has produced a wonderful new video, Old and Poor: America’s Forgotten. It was debuted at this week’s Senate Special Committee on Aging hearing examining the war on poverty and seniors. We consider this a must-watch, must-share video.
There’s Good News and Bad News for Seniors in the President’s Budget Plan
2015 Budget Reaction from National Committee to Preserve Social Security and Medicare President/CEO, Max Richtman
“While the President’s budget thankfully no longer includes cuts to Social Security, his 2015 plan unfortunately still targets seniors by shifting more costs to Medicare beneficiaries through increased means-testing, premium hikes and co-pays. While some tout increasing means testing in Medicare as a way to insure ‘rich’ seniors pay their share, the truth is, the middle-class will take this hit too.
Medicare has already been means-tested since 2007 and the number of beneficiaries subject to higher premiums has been increasing. If passed, this means testing proposal targets even middle-class individuals with the equivalent income of just $45,600 – these are not ‘wealthy’ seniors by any measure. Shifting even more costs to seniors ignores the economic challenges many face just getting by day-to-day. It also exacerbates the retirement deficit gap millions of Americans face now and into the future.
Our nation faces a retirement security crisis. Shifting even more costs to seniors worsens that crisis rather than addressing it head-on. While acknowledging this crisis with proposals such as myRA and automatic IRA’s, this budget focuses attention on the private sector rather than strengthening the number one source of income for many seniors, Social Security. As a nation we should be looking for ways to boost Social Security’s benefits.” Max Richtman, NCPSSM President and CEO