News Release

The National Committee to Preserve Social Security and Medicare is proud to support the “Strengthening Social Security Act of 2016,” introduced today by Representative Linda Sanchez (D-CA). She was joined today by Representatives Mike Honda (D-CA), Mark Pocan (D-WI) and Social Security advocates at a Capitol Hill news conference describing this important legislation:

“We must ensure Social Security remains a system that works for every American, will remain strong and in place for the next generation. When fully implemented, the Strengthening Social Security Act will significantly increase benefits and extend the life of the fund from 2034 to 2048 by eliminating the taxable income cap.  This ensures everyone pays their fair share into the system.”…Rep. Linda Sanchez (D-CA)

“America’s seniors understand all too well that our nation faces a retirement crisis and improving Social Security benefits is vital to keeping millions from poverty.  The “Strengthening Social Security Act” makes several important improvements for seniors by: phasing out the payroll tax cap so that the wealthy pay their fair share, creating a Cost of Living adjustment for the elderly and boosting benefits for all seniors including widows/widowers. NCPSSM applauds Representatives Sanchez, Honda and Pocan for doing the right thing for America’s seniors and their families and supports this important Social Security legislation.”…Max Richtman, NCPSSM President/CEO

Retirement USA reports the gap between what Americans need to retire and what they actually have is $7.7 trillion. In fact, about half of households age 55 and older have no retirement savings and a third of current workers aged 55 to 64 are likely to be poor or near-poor in retirement.

Social Security remains the only stable retirement income for many Americans and this legislation will strengthen the program for millions of current and future retires.

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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