- Retirees

Today in Labor History

Oct. 21, 1933
In an attempt to raise the price of milk, Wisconsin dairy farmers begin the third major milk strike of the year in the state. During the Great Depression, farmers who produced milk for bottling were able to remain solvent, but those who produced milk for cheese, butter, and other uses were driven into poverty.
~ DC Labor

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Chained CPI: Bargaining With Your Future

Posted On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org