PROTECT SOCIAL SECURITY

Jan Schneider seeks to keep and sustain the Social Security for the protection of current and future seniors. Vern

Buchanan (R-FL16) accords only minimal attention to problems such as the declining worker-to-beneficiary ratio threatening the solvency of the system.

Whispering to Granddad

SOCIAL SECURITY IS A VITAL SAFETY NET FOR SENIORS

Jan opposes proposals to increase the Normal/Full Retirement Age or the Early Eligibility Age, which are scheduled under current law to climb to 67 and 64 respectively in 2030. She also opposes changes to reduce the requirement of at least 10 years of work (40 quarters) to qualify for Social Security or the various requirements for Supplemental Security Income eligibility. Social Security is an earned retirement benefit -- and only in that sense qualifies as an “entitlement”.

On the other hand, Jan is prepared to consider proposals to keep Social Security solvent. The 2022 Social Security Trustees’ Report projects that Old-Age & Survivors Insurance Trust Fund reserves will be depleted by 2034, after which continuing tax income will suffice to pay only 77 percent of scheduled benefits. One way to deal with

this would be to increase the taxable maximum above the current $147,000.

VERN HAS FAILED TO PROTECT SOCIAL SECURITY

Buchanan keeps pledging action to sustain Social Security, but such assurances ring hollow. He did cosponsor the Know Your Social Security Act, which would require the Social Security Administration to provide statements to people 25 or older eligible for but not currently receiving Social Security. While that might benefit some individuals, it falls far short of a major protection or enhancement.