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Today in Labor History

Sept. 20, 1878
Upton Sinclair, socialist and author of "The Jungle"—published on this day in 1906—born in Baltimore, MD.
~ DC Labor

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Updated: Sep. 20 (10:05)

Watch: Final Teamsters General President Candidates’ Debate
Teamsters Local 570
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Communications Workers of America Local 1107
Energy Secretary Visit to RJATC
IBEW Local 666
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AMFA
Labor Secretary Visits Local 89 Members at UPS LCH
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Research & Education October Zoom Trainings
Youngstown, Ohio Area Local 443
 
     
Chained CPI: Bargaining With Your Future
Posted On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org


 
 
Teamsters Local 992
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