FOR IMMEDIATE RELEASE:
May 31, 2013
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AARP Statement on 2013 Social Security Trustees Report
Social Security deserves a separate debate.
WASHINGTON – AARP Executive Vice President Nancy LeaMond offered the following statement in reaction to the Social Security Trustees report released today:
“With their report today, the Social Security Trustees draw renewed attention to the long-term financial challenges facing this vital retirement security program. While not in crisis, Social Security will require modest changes to ensure current and future generations will receive the benefits they’ve earned.
“What is needed is an honest, open national debate about the value of Social Security and its importance to millions of workers, children, widows and persons with disabilities of every generation. As Congress continues to search for ways to balance the nation’s budget, it has become too easy for some to look to Social Security as a piggy bank for deficit reduction, rather than as a separate, self-financed program that people pay into throughout their lives. Too many politicians in Washington talk about changes to Social Security without considering the impact in income security such changes will have on real people.
“One example of this is the so-called ‘chained CPI’ – a fancy Washington term that really means cutting Social Security and veterans’ benefits. The chained CPI benefit cut would start now – hurting even current retirees – and get bigger every year, hurting seniors the most when they can least afford it.
“AARP believes it is wrong to try to balance the budget by jeopardizing Americans’ retirement security in these already-difficult economic times. Washington needs to get its budget under control without breaking the promise of Social Security.
“That’s why AARP is fighting to stop short-sighted changes that will cut Social Security to reduce the deficit, and instead calling for a separate debate about responsible solutions that will secure and strengthen Social Security for today’s seniors and their kids and grandkids.”
Note to reporters: Fact sheets from the AARP Public Policy Institute provide both national and state data on Social Security as a key source of retirement income. Please visit www.aarp.org/ppi and search on “Social Security.”
AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name as well as help our members obtain discounts on a wide range of products, travel, and services. A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world's largest circulation magazine; AARP Bulletin; www.aarp.org; AARP TV & Radio; AARP Books; and AARP en Español, a Spanish-language website addressing the interests and needs of Hispanics. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. AARP Foundation is an affiliated charity of AARP that is working to win back opportunity for struggling Americans 50+ by being a force for change on the most serious issues they face today: housing, hunger, income and isolation. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org.