Navigation Links
More Dire Warnings for Social Security
Date:5/12/2009

RetireSafe Calls for Action to Protect Older Americans

RESTON, Va., May 12 /PRNewswire-USNewswire/ -- In response to the dire warnings issued in today's Social Security and Medicare Trustees Report, RetireSafe and its 400,000 senior supporters called on the President and Congress to take immediate action to secure the promised benefits older Americans rely on.

"With unfunded liabilities of up to $100 trillion and the Social Security Trust Fund scheduled to pay out more than it takes in by 2016, America's seniors deserve to know that the Social Security benefits they rely on to make ends meet will still be there for them," said RetireSafe President Michelle Plasari.

According to Plasari, there are simple ways to make Social Security more secure for current and near retirees:

Guaranteed Benefits. Currently, Social Security benefits are not a sure thing. They can be cut by Congress on a whim. Congress has continually used incoming Social Security dollars for other projects -- including pork barrel spending. For years, RetireSafe has supported legislation that would provide a certificate of guarantee to Social Security beneficiaries.

Fair COLA (Cost of Living Adjustment). Seniors' annual cost-of-living-adjustments are calculated based on the spending habits of younger workers. The formula used doesn't account for increased spending on health insurance, long-term care or prescription drugs. For decades, the government has maintained an "experimental" index that tracks seniors' true cost of living. To see just how much more seniors could get over their retirement visit RetireSafe's Fair COLA Calculator at www.retiresafe.org/cola_calculator.html.

Repeal Double Tax. Seniors are subject to unfair taxation during their retirement years. After spending their whole lives paying taxes to the government -- the IRS still gets to tax 85% of their Social Security benefits if their retirement earnings reach a certain level.

Abolish the Early Retiree Earnings Limit. Early retirees who continue to work are penalized for doing so by earning limits. The limit taxes seniors at an outrageous amount -- more than many multi-millionaires. In today's economy more and more early retirees are returning to work to make ends meet -- and being penalized by the tax man for doing so.

Prohibit Totalization. The Social Security Administration has signed a totalization treaty with Mexico. The agreement would allow millions of illegal immigrants to collect Social Security benefits. This is a slap in the face to older Americans who worked hard their whole lives yet continue to struggle on their current benefit.

RetireSafe is a grassroots advocacy organization of almost 400,000 older Americans nationwide. We are dedicated to protecting the options, benefits, and choices of older Americans in retirement. For more information, visit www.retiresafe.org.


'/>"/>
SOURCE RetireSafe
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. FDA Mandates New Warnings for Botox
2. FDA Adds New Label Warnings to Over-the-Counter Painkillers
3. Docs Override Most Electronic Drug Warnings
4. TransMedia Group Retained by Renowned Plastic Surgeon Dr. Jeffrey Lagrasso to Share Beauty Trends, Warnings and Medical Perspective Previously Limited to the Rich and Famous
5. Treadmill Desks: A Healthy Alternative on the Heels of FDA Warnings of 25 Weight Loss Products
6. Leahy Slams Midnight Bid to Relax Mercury-in-Fish Warnings to Women and Children
7. Wrinkle Fillers Need Better Label Warnings: FDA Panel
8. FDA Demands Tougher Warnings on Immunosuppressive Drugs
9. Antipsychotic Drug Use Up in Elderly Despite Warnings
10. FDA Advisers Dont Back Epilepsy Drug Warnings
11. Study finds parents use cough medicines on under-2s despite the warnings
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2017)... ... , ... 21 Middle East and South Asia Leaders Selected as Eisenhower Fellows ... and civil society in 11 countries across the Middle East and South Asia to ... exchange of knowledge and ideas with the leading minds in their fields. , ...
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... ... with Private Flood Insurance offerings. With the Federal Emergency Management Agency’s (FEMA) recent ... across the United States. In 2012, the Biggert-Waters Act was enacted to reflect ...
(Date:6/23/2017)... ... June 23, 2017 , ... The Katyl ... services to families and business owners in and around Lackawanna County, is joining ... citizens in the area. , Meals on Wheels of NEPA provides hand-delivered and ...
(Date:6/23/2017)... ... June 23, 2017 , ... ... personal financial planning to families and business owners in North Central West Virginia, ... help provide services to differently abled residents in the region. , The Stepping ...
(Date:6/22/2017)... ... June 22, 2017 , ... Plastic Surgery Associates is proud to report that ... Each year, research and information firm, Castle Connolly, releases their list of the most ... marks the 3rd time that Dr. Canales has been recognized by Castle ...
Breaking Medicine News(10 mins):
(Date:6/8/2017)... , June 8, 2017  StatLab ... leading developer and manufacturer of diagnostic supplies ... today that Cressey & Company LP ("Cressey ... has completed a growth-focused investment in the ... majority ownership position from selling shareholder, Prairie ...
(Date:6/5/2017)... 2017 The Cincinnati location ... Inc. (NYSE: DPLO), has been awarded a Top Workplaces ... Results are based on an employee survey administered by ... workplace improvement. The survey measures several aspects of workplace culture, ... ...
(Date:6/1/2017)... BLUE BELL, Pa. , June 1, 2017 /PRNewswire/ ... Nutriceuticals (PRN) and Veterinarian Recommended Solutions (VRS), and KD ... direct investment in Nutriceutical Holdings by KD Pharma Group. ... Nutriceutical Holdings with the option to acquire the entire ... ideal partner in KD. They are committed to growing ...
Breaking Medicine Technology: