I would oppose measures to replace any part of Social Security’s guaranteed benefits with individual investment accounts.
SS benefits are already being eroded, and current projections with Part B deductions show SS replacement rates will have fallen by 31%.
In only two generations, the ability to provide replacement income has fallen 25%. Replacing these guaranteed benefits with risk-bearing investment accounts will further place the people of the 15th at risk.
I would oppose efforts to reduce Social Security benefits.
The graduated increase in retirement age from 65 to 67 reduces the benefits for those who choose to retire at age 65.
Medicare premiums are also increasing more rapidly than benefit increases.
It is important that any restructure or recalculation of benefits does not reduce benefits, as more people owe personal income tax on their benefits.
Due to the insufficiencies throughout the 15th District rural health care network, any increase in the retirement age would do great harm to our people.
Too many seniors have to choose between medications and food, and the COLA isn’t keeping up with monthly bills.
The benefit formulas are complex and include many factors, including length of time working, earning history, inflation, and age at which one begins receiving benefits.
Changing these formulas must be backed by proper actuarial studies and done to strengthen benefits, not to weaken them.
Lastly, means testing is not appropriate considering that benefits are earned and are not an entitlement.
I support measures to strengthen Social Security benefits.
Traditional sources of retirement income are providing less and less support for retirees.
Social Security income replacement rates have been falling steadily since 1985, a trend that is projected to continue and even accelerate.
Employer-sponsored retirement plans have mostly transitioned from defined benefit plans to 401(k)s, shifting risk from employers to employees.
Participation rates in 401(k) plans among eligible employees remain at about 80 percent, with about 20 percent of eligible employees electing not to participate.
Access to these plans is an issue—less than half of all private sector workers, ages 25–64, participate in an employer-sponsored pension plan.
The need to strengthen retirement income security exists. Any plan to strengthen benefits must include an appropriate, long-term plan for funding the benefits.
Many options to increase retirement savings are worthy of further consideration.
Examples include raising the cap on taxable payroll, better informing future beneficiaries about their retirement income options, and using opt-out instead of opt-in enrollment for employer 401(k) plans.
Vermilion Co DemsJune 18, 2018 at 6:00 pm – 7:00 pm
Crawford County Democratic MeetingJune 18, 2018 at 7:00 pm – 8:00 pmGoodwine Resource Center Robinson, IL 62454, USA
Richland Co Dems - Olney Town Hall BldgJune 19, 2018 at 6:00 pm – 7:00 pm
Moultrie Co Dems MixerJune 21, 2018 at 5:30 pm – 6:30 pm
The Marion County Relay for Life of SalemJune 22, 2018 at 4:00 pm – 12:00 amMarion County Fairgrounds, Salem, ILOpening Ceremonies begin at 6:00. Luminaria Ceremony is at 9:00. The event is free!
Fish & Chicken DinnerJune 22, 2018 at 4:30 pm – 8:00 pmSalem American Legion - POST 128, 1001 E Main St, Salem, IL 62881, USAAll You Can Eat Fish/Chicken Dinner Every Friday at the Salem American Legion Post 128 4:30 - 8 PM $9.00 Adults $4.50 Children
Fish & Chicken DinnerJune 29, 2018 at 4:30 pm – 8:00 pmSalem American Legion - POST 128, 1001 E Main St, Salem, IL 62881, USAAll You Can Eat Fish/Chicken Dinner Every Friday at the Salem American Legion Post 128 4:30 - 8 PM $9.00 Adults $4.50 Children
Greenville 4th of July ParadeJune 30, 2018 at 1:30 pm – 2:30 pm
Boosters MeetingJuly 9, 2018 at 6:00 pm – 7:00 pm
Sandoval Golf ScrambleJuly 14, 2018 at 9:00 am – 2:00 pm
BusyJuly 16, 2018 at 7:00 pm – 8:00 pm
Precinct MeetingJuly 21, 2018 at 10:30 am – 12:30 pmCharleston Carnegie Public Library, 712 6th St, Charleston, IL 61920, USA
A measure aimed to bridge the gender wage gap was approved by the Illinois General Assembly last month. This is the second attempt by lawmakers to get a ‘no salary history’ initiative into law. Employers would no longer be able to ask someone what they previously earned during interviews. Governor Bruce Rauner vetoed a similar measure last year. The latest v […]
Health care advocates say several bills passed by the Legislature at the end of the spring legislative session would benefit consumers. HB 4383 would allow Medicaid recipients to change managed care plans if the contract between their provider and health plan is terminated. If Illinois Governor Bruce Rauner signs the bill, it would go into effect immediately […]
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he would not allow the United States to become a "migrant camp" as his administration faced a barrage of criticism for separating immigrant children from their parents at the U.S.-Mexico border.