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AARP supports retaining wage indexing of both the Average Indexed Monthly Earnings and the bend points used in the formula for the Primary Insurance Amount.
If changes are made to Social Security that extend the life of the trust funds, Congress could authorize the investment of a portion of the Social Security reserves in investments
The receipt of Social Security benefits should continue to be based on earnings from work covered by Social Security.
Policymakers should streamline and coordinate application procedures among different public-benefit programs.
Automatic cost-of-living adjustments (COLAs) for Social Security benefits should continue.
Any further increases to the full retirement age should be conditioned on adequate protections for those who have difficulty postponing retirement.
The age of eligibility for early retirement benefits should be raised only if provisions are made to ensure that people who cannot work past age 62 are protected.
The number of years used to calculate benefits should not be increased beyond the 35 years designated in current law.
Policymakers should increase the percentage of wages subject to the payroll tax at least to historically intended levels and otherwise increase the progressivity of the Soci
Social Security should cover all workers, including all newly hired state and local government workers.