“The bipartisan infrastructure plan that President Biden just signed into law will do more than build roads, bridges, and broadband. It also will give a big boost to Americans’ retirement security. That’s because the new, higher-paying jobs the infrastructure plan will create means more money flowing into Social Security through increased payroll contributions. This new revenue can help extend the solvency of the Social Security trust fund, currently projected to become depleted in 2034.
The infrastructure plan also will increase the potential for bigger Social Security benefits for workers who get new and better-paying jobs. Higher pay and longer work histories add up to larger Social Security checks. That’s welcome news at a time when more and more seniors rely on Social Security for all or most of their income.
Current and future seniors also will benefit from the infrastructure plan because it provides funding for improved public transportation, housing, and high-speed internet access – all of which older Americans depend on. When these infrastructure items improve, so do seniors’ quality of life.
We applaud the Republicans and Democrats in Congress who joined together to pass this historic legislation — and President Biden for putting it forward. This is exactly what a government that works for the people – both the young and the old – is supposed to do.” – Max Richtman, President and CEO, 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 202-216-8378Walter Gottlieb 202-276-9089