Latest News
Social Security 2100 Act introduced
On January 30, 2019, Representative John Larson (D-CT), Chair of the Social Security Subcommittee of the House Ways and Means Committee, announced the introduction of the Social Security 2100 Act. The bill has over 200 original cosponsors would increase Social Security’s modest benefits for the 63 million Americans receiving those earned benefits today, as well as every single American who will receive them in the future. Read article here…
Note, Dan Weber, the Founder/president of The Association of Mature American Citizens (AMAC) has met with Rep. Larson in his office in 2018 to discuss preserving and modernizing Social Security. AMAC takes a different approach that focuses on the long-term solvency problem facing the program. AMAC’s plan does not increase taxes on workers but does make modest changes in cost of living adjustments and the retirement age. AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected language from former Rep. Johnson (R-TX) and Rep. Larson’s own bill (D-CT) and merging them with the Association’s own well researched ideas. Another of the AMAC bill’s several components is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers, and this provision was received favorably by Rep. Larson and his staff in 2018. AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past decade. Read AMAC’s plan here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.