February 27, 2015

Alliance Joins House Members to Protect Social Security Disability Insurance

On Wednesday, the Alliance joined Democratic Representatives Xavier Becerra (CA), Sander Levin (MI), Jan Schakowsky (IL), and Doris Matsui (CA), and allies in speaking out on a tele-press conference call focused on protecting Social Security Disability Insurance (SSDI), which has come under attack by House Republicans since the new Congress convened. The call came in conjunction with a hearing by the House Ways and Means Committee.

House Republicans changed House rules in January to block Social Security from using the $2.8 trillion in its reserves to prevent a 20 percent benefit cut for the nation’s most disabled citizens late in 2016, unless also accompanied by benefit cuts or tax increases. In the past, periodic rebalancing of the Old Age and Survivors Insurance (OASI) and DI trust funds – by reallocating the share of payroll taxes directed to each fund – has served as routine “housekeeping” to keep both funds on sound footing amid demographic shifts, and it has occurred 11 times in the program’s history.

Richard Fiesta, Executive Director of the Alliance, submitted an official statement to the committee, declaring, “Our members are united in opposition to efforts that pit one group of beneficiaries against another and are committed to fighting to ensure that these earned benefits are there for all Americans when they need them.”

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Topics: Retirement Security

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