OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Wyden Statement on Social Security Trustees Report

Statement

By: Ron Wyden
By: Ron Wyden
Date: April 22, 2020
Issues: Senior Citizens

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued a statement after the Social Security Board of Trustees released its annual outlook for the program:

"In a little over a decade, Social Security benefits are going to be cut by a quarter unless action is taken to support this key lifeline for workers who paid into the program out of each paycheck," Wyden said. "Social Security has never missed a full payment to date, which is welcome reassurance during a health and economic crisis like this one. However, the COVID-19 pandemic will only speed the arrival of this impending benefit cut, so Congress cannot neglect its responsibility to find solutions that will protect Social Security's earned benefits for future generations.


Source
arrow_upward