Tuesday, July 02, 2013

Alliance for Retired Americans Chained CPI Event

For Immediate Release
July 2, 2013
Contact: Laura Markwardt – 202/637-5178 or lmarkwar@retiredamericans.org

Seniors to Form Human Chains in 50 Key Locations Protesting the Chained CPI Social Security Benefit Cut

“Some Cuts Never Heal”

Washington, DC--- Today, Tuesday, July 2nd, the Alliance for Retired Americans will sponsor a National Day of Action opposing the chained CPI Social Security benefit cut.

Members of the Alliance will work together to create a human chain in front of important locations to protest the chained CPI. More than 50 human chains will be formed in front of key Congressional offices and Federal buildings, as well as other strategic locations, in states around the country.

“The chained CPI would cut Social Security benefits by changing the cost of living adjustment (COLA) formula - and some cuts never heal!” said Edward F. Coyle, Executive Director of the Alliance.

The chained CPI is an immediate Social Security benefit cut, and it would result in an annual benefit that is roughly $1,000 (2012 dollars) lower by the time a beneficiary reaches age 85. Activists will stress that the chained CPI does not accurately account for large health care cost increases faced by seniors and people with disabilities.

Click here to view a map and list of events taking place across the country. For more on the chained CPI, click here.

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The Alliance for Retired Americans is a national organization that advocates for the rights and well-being of over 4 million retirees and their families.

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