AARP calling on lawmakers to save social security
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ONONDAGA COUNTY, N.Y. -- Local members of the AARP are calling on their representatives in Washington to protect social security. They're asking Congressman Dan Maffei and Senators Charles Schumer and Kirsten Gillibrand to vote against a change in how social security benefits are calculated.
With the deadline for the sequester approaching quickly, AARP members say lawmakers are looking at the annual cost of living adjustment as a place to make cuts. They say basing the adjustment on a chained rather than conventional consumer price index would result in less money for seniors.
AARP says that will be bad not only for the current generation of older Americans, but for future generations as well.
"We have children and grandchildren and great grandchildren coming up. We want to protect it for them because in many cases, businesses and government agencies have been reducing pensions and one of the few things that could be solid for them is social security," said Robert O’Connor, AARP Congressional District Lead.
The AARP says a chained CPI would mean more than $450 million in social security cuts in Central New York alone.