Friday, November 19, 2010

Social Security ~ A Lifeline & It`s Our Money !



Call Congress on November 30th to Protect Social Security!


The Social Security Works & Strengthen Social Security (SSS) Campaign wants your help in flooding Capitol Hill with thousands of phone calls to protect Social Security on Tuesday, November 30,2010 a national call-in day. The goal of each call will be to urge elected officials to oppose both benefit cuts to Social Security and the raising of the retirement age. As time nears for the full Fiscal Commission to release their official proposal, it will also be important to urge elected officials to oppose the Commission’s proposals to cut Social Security. The SSS Campaign is providing an email message, call-in script, and the following phone number for November 30: 1- 866-529-7630. Watch for these materials to come by e-mail next week. Tell Congress “NO!” to Social Security benefit cuts, and to keep their hands off Social Security!

GAO: Raising Retirement Age Would Hit Low-Income Workers, Minorities Extra Hard

The U.S. Government Accountability Office (GAO) released a report on Friday highlighting the risks of raising the retirement age. The Senate Aging Committee Chair, Sen. Herb Kohl (D-WI), had requested the report to address potential problems Americans would face with raising the Early Eligibility Age (EEA), the earliest eligibility age at which workers first qualify for retirement benefits, or the Full Retirement Age (FRA). The report found that raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work. The projected spike in disability claims could harm Social Security's finances, because disability benefits typically are higher than early retirement payments, GAO concluded. Under current law, people can start drawing reduced, early retirement benefits from Social Security at age 62. Full benefits are available at 66, a threshold gradually increasing to 67 for people who were born in 1960 or later. The fiscal commission's leaders, Bowles and Simpson, last week proposed a gradual increase in the full retirement age, to 69 in about 2075. The early retirement age would go to 64 the same year. About one-fourth of workers age 60 and 61 - just under the early retirement age - reported a health condition that limited their ability to work. Among those older workers, African-Americans and Hispanics were much more likely to report fair or poor health than whites, according to the report. “Raising the retirement age would make it impossible for many workers to continue to work in their current conditions, while crippling their eligibility for retirement benefits,“The GAO’s report has many striking statistics that show the harm in raising the retirement age.
To read the report, click here: http://www.gao.gov/new.items/d11125.pdf. <

Editorial : what part of "NO", do our Republican friends not understand ? Keep your hands off of Social Security !



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