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CALL YOUR LEGISLATORS and Urge Them to Stop this Benefit Cut!
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Dear John,
The coronavirus pandemic is having a negative impact on how Social Security benefits will be calculated for future retirees turning 60 this year. And unless Congress takes immediate action to repair an unintended glitch in the Social Security law, the average beneficiary will see a $1,400 annual decrease in their future benefits, which would be devastating. No American should be deprived tens of thousands of dollars in retirement income simply because they were born in the wrong year!
That's why we need to make our views heard today! Please pick up your phone right now and call the National Committee's toll-free Legislative Hotline at (800) 998-0180. The Hotline will connect you directly to your U.S. Representative. Please tell them: Congress must stop this benefit cut and provide a 2% temporary increase in benefits for everyone by passing the "Social Security COVID Correction and Equity Act" (H.R. 7499).
As you may know, Social Security benefits are calculated according to a formula that incorporates the average wage for the year that beneficiaries reach 60 years of age. Workers born in 1960 will have their benefits determined according to the average wage for 2020, which will be lower than usual due to the coronavirus crisis. The average beneficiary would take a $1,400 annual hit in their future Social Security benefits — and not just once, but for life.
In addition to repairing this sizeable "notch" in retirement income for this age group, H.R. 7499 would increase Social Security benefits across the board by 2%; increase the threshold to 125% of the poverty level for the special minimum benefit lifting more lifelong workers out of poverty; and reduce taxation on benefits for lower- and middle-income beneficiaries who are struggling to provide for themselves and their families.
Bottom line: Tomorrow's retirees will depend even more on Social Security than the current generation of seniors. And Representative John Larson's (CT-01) bill offers a commonsense fix to the Social Security law by sparing workers turning 60 this year from a painful and permanent benefit cut.
With so much at stake, and things moving so quickly in Washington, I need you to please act right now! Call your U.S. Representative through our hotline at (800) 998-0180 and tell them to fix the glitch in the Social Security law now! Conveying your opinions to your member of Congress, particularly when they're most attuned to their constituents' needs in this crucial election year, is an important step to fixing this problem and providing temporary income relief for all Social Security beneficiaries.
Sincerely,
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Max Richtman
President & CEO
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