Blumenauer, Colleagues Introduce Landmark, Forward-Thinking Reform to Strengthen Social Security
WASHINGTON, D.C. – U.S. Congressman Earl Blumenauer (D-OR)—who serves on the House Ways and Means Subcommittee on Social Security—teamed up with his colleagues today to introduce the Social Security 2100 Act, groundbreaking legislation to strengthen Social Security by expanding benefits and lowering costs.
There are 906,000 Social Security recipients in Oregon, who together receive $1.3 billion in monthly benefits.
“Social Security has saved millions of American seniors from having to make impossible choices, like whether they should buy groceries or fill a prescription, or pay their rent or visit a loved one,” said Blumenauer. “But given the COVID-19 induced recession, the future of this program is more uncertain than ever. That’s why it’s essential that Congress act now to make sure everyone is paying their fair share into this program, lower costs for seniors, and ensure that Social Security remains solvent through 2100.”
The Social Security 2100 Act would increase benefits for current and new beneficiaries; protect against inflation; protect low-income workers; improve benefits for widows and widowers in two income households; boost benefits for public servants; end the 5-month waiting period to receive disability benefits; provide caregiver credits; extend dependent benefits for students through age 26; and increase access to benefits for children who live with grandparents or other relatives.
The legislation would work by ensuring that everyone pays their fair share into the program and extending the deadline for Congress to ensure long term solvency of the program. The bill would also consolidate two existing trust funds, the Old-Age and Survivors and Disability Insurance funds, into one Social Security Trust Fund, to ensure that all benefits will be paid.
The legislation has been endorsed by Oregon Paralyzed Veterans of America, NAACP, MoveOn, Public Citizen, National Committee to Preserve Social Security and Medicare, Social Security Works, Alliance for Retired Americans, California Alliance for Retired Americans, Paralyzed Veterans of America, Strengthen Social Security Coalition, Leadership Council of Aging Organizations, National Organization for Women, Latinos for Secure Retirement, National Education Association, AFGE, American Federation of Teachers, The Arc of the United States, Justice in Aging, National Retiree Legislative Network, Gray Panthers, Economic Opportunity Institute, International Federation of Professional and Technical Engineers, Blue Future, Broward for Progress, Mainers for Accountable Leadership, American Family Voices, EPI Policy Center, The Senior Citizens League, National Association of Disability Representatives, and National Organization of Social Security Claimants’ Representatives.