The Old-Age, Survivors, and Disability Insurance Trust Funds should maintain a minimum reserve of one and a half to two years as a cushion against an economic downturn.
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 inves
The receipt of Social Security benefits should continue to be based on earnings from work covered by Social Security and not affected by other income sources or subject to other t
AARP supports automatic cost-of-living adjustments (COLAs) for Social Security benefits.
Any further increases in the full retirement age should be conditioned on adequate protections for those who may 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 Social Sec