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June 06, 2020

On This Day in 1998
A strike began at a General Motors Corporation parts factory in Flint, Michigan that spread and ultimately forced the closure of GM plants across the country for seven weeks. The Flint workers were protesting the removal of key dies from their plant and feared their jobs would be lost. The company ended the dispute by assuring the plant would remain open until at least the year 2000.
- Voices of Labor

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Chained CPI: Bargaining With Your Future
Updated On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org


 
 
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