AARP Chief Executive Officer Jo Ann Jenkins
\nhas called for “meaningful … urgent””
\nchanges to the Social Security system to
\nensure its future.<\/p>\n
The statement was offered in July in reaction
\nto the release of a report from the Social
\nSecurity Trustees.<\/p>\n
“In its 80th year, Social Security remains
\nthe bedrock of a secure retirement for millions
\nof Americans who have paid in over a
\nlifetime of hard work,” said Jenkins. “For
\nchildren and spouses who lose an immediate
\nworking family member to workers with disabilities,
\nSocial Security remains part of the
\nfabric of our lives to protect families from
\nboth expected and unexpected challenges
\nwe may face.”<\/p>\n
She said the report “shows that we must
\nseek meaningful, in some instances even
\nurgent, changes to ensure the program is
\non stable ground for future generations. An
\nhonest, open, national discussion about the
\nvalue of Social Security and its importance
\nto millions of retired workers, spouses, children,
\nveterans, and persons with disabilities
\nremains the clear path forward for this crucial
\ncomponent of economic security.”<\/p>\n
Jenkins said the trustees once again
\nreport that the combined Old Age, Survivor
\nand Disability Insurance Trust can pay full
\nretirement, survivor and disability benefits
\nfor approximately two more decades.<\/p>\n
“We know that if no action is taken, benefits
\nwill be cut by nearly 25 percent in 2034. As
\nthe campaign season gets underway, we will
\nbe urging all presidential candidates to share
\ntheir plans for the long term solvency and
\nadequacy of Social Security.”<\/p>\n
The Trustees also report that the Disability Insurance Trust Fund faces a fast approaching
\nfunding gap and confirms that a
\nrebalancing of assets in the combined Social
\nSecurity Trust Funds is needed to ensure no
\nbeneficiary faces an imminent reduction in
\ntheir earned benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"
AARP Chief Executive Officer Jo Ann Jenkins has called for “meaningful … urgent”” changes to the Social Security system to ensure its future. The statement was offered in July in reaction to the release of a report from the…<\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[57],"class_list":["post-28537","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-business-news"],"yoast_head":"\r\n