“The AARP Releases New Plan for Social Security Reform”

Originally published by National Interest–

The Social Security Administration announced last August that its main trust fund will no longer be able to pay full benefits by 2034, a year earlier than previously projected. That means that unless Congress acts before then to change the formula for Social Security funding, recipients will receive less than in the past.

While some in Congress have tried to reform Social Security, including Rep. John Larson those efforts have not yet gained buy-in from the White House or leaders in Congress. Further, there’s little indication that Social Security will be a major issue in this year’s midterm elections, which causes many to worry. 

The 11 Point Plan to Rescue America, an election document released last month by Sen. Rick Scott (R-FL), only mentions Social Security briefly, and President Biden did not mention Social Security at all in this week’s State of the Union address. However, the president did issue an executive order aimed at improving Social Security’s online services last December. 

Share on facebook
Share on twitter
Share on linkedin
Share on email