General Discussion
In reply to the discussion: Sweeping Social Security changes for women, caregivers and same-sex couples proposed [View all]FogerRox
(13,211 posts)isnt that an increase in the benefit? In fact that was the first COLA adjustment since 2009
http://www.ssa.gov/pressoffice/pr/2012cola-pr.html
in 2008 the cap was 102k, rising to 106,800 in 2009 where it has stayed untill 2012, now at 110k.
I am not in favor of capping benefits, that constitutes a means test. I am in favor of adjusting the cap to 90%, as it has been adjusted before, currently at 83%, that would represent a significant increase in benefits, as the AIME formula is currently constituted.
And lets note that the Trustees tell us the Low cost scenario says SS is fine thru 2090. ALowing for some job creation, moderate GDP growth of 2.8%+, workforce growth of .5% or better.
Fixing the economy fixes SS finances....
Now.... lets talk about raising women of retirement age out of poverty with SS.