AARP Chief Executive Officer Jo Ann Jenkins
\nhas called for “meaningful … urgent”” changes to
\nthe Social Security system to ensure its future.
\nThe 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 lifetime
\nof hard work,” said Jenkins. “For children and
\nspouses who lose an immediate working family
\nmember to workers with disabilities, Social
\nSecurity remains part of the fabric of our lives
\nto protect families from both expected and
\nunexpected challenges we may face.”<\/p>\n
She said the report “shows that we must seek
\nmeaningful, in some instances even urgent,
\nchanges to ensure the program is on stable
\nground for future generations. An honest, open,
\nnational discussion about the value of Social
\nSecurity and its importance to millions of retired workers, spouses, children, veterans, and
\npersons with disabilities remains the clear path
\nforward for this crucial component of economic
\nsecurity.”
\nJenkins said the trustees once again report
\nthat the combined Old Age, Survivor and Disability
\nInsurance Trust can pay full retirement,
\nsurvivor and disability benefits for approximately
\ntwo more decades.<\/p>\n
“We know that if no action is taken, benefits
\nwill be cut by nearly 25 percent in 2034. As the
\ncampaign season gets underway, we will be
\nurging all presidential candidates to share their
\nplans for the long term solvency and adequacy
\nof Social Security.”<\/p>\n
The Trustees also report that the Disability
\nInsurance Trust Fund faces a fast-approaching
\nfunding gap and confirms that a rebalancing of
\nassets in the combined Social Security Trust
\nFunds is needed to ensure no beneficiary faces
\nan imminent reduction in their 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":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[66,129],"yoast_head":"\r\n