Birthdays can serve as a time to celebrate, reflect or – for some of us – simply wish there were a few less candles on the cake. For Social Security, which turns 78 on Wednesday, August 14, it’s a call to action.
Since President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1938, the program has provided peace of mind for our seniors, but it’s also been a lifeline for people that have been set back by disability, medical problems, death of a spouse or layoffs. Now, a down economy and corporate rollbacks have resulted in only 15 percent of American employees having defined-benefit pensions, and 55 percent having no retirement plan at all.
Sign this petition from the Alliance for Retired Americans that demands we strengthen Social Security, not cut it.
“Instead of cutting benefits through ‘chained’ CPI, we should ensure that Social Security’s benefits and cost-of-living adjustments adequately reflect the living expenses of retirees,” says Alliance Executive Director Edward C. Coyle. “We should improve the long-term condition of the Social Security trust fund by requiring millionaires and billionaires to pay the same rate on taxes toward Social Security as the rest of us.”
Click here to learn more about why the “chained” CPI benefit cut is bad for seniors.