AARP to Congress and the President: Don’t Cut Social Security
Posted on 12/20/2012 by Pat Jones | AARP District of Columbia | Comments
Advocacy | Money & Work | Washington DC AARP Executive Vice President Nancy LeaMond has reiterated the Association’s opposition to including a cut to the benefits of current and future Social Security recipients as part of a year-end budget deal via a formula change known as Chained CPI. She offered the following statement: “Adopting the chained consumer price index for Social Security benefits will take $112 billion out of the pockets of current Social Security beneficiaries in the next 10 years alone, and is neither fair nor warranted. …