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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.

The receipt of Social Security benefits should continue to be based on earnings from work covered by Social Security.

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.

Social Security should cover all workers, including all newly hired state and local government workers.

Congress should improve the Windfall Elimination Provision by utilizing the Social Security Administration’s more detailed earnings records, which include covered and noncovered earnings. 

Social Security’s basic floor of income security for future generations should not be replaced by individual private accounts or privatization. 

Proposals to ensure the long-term solvency of Social Security should be evaluated for their impact on caregivers.