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August 14, 2020

On This Day in 2003
The Northeast of the United States and Canada experienced a massive blackout, which affected 50 million people. Initially concerned that it could be a terrorist attack, it soon became clear that it was the failure of Ohio-based First Energy Corporation to maintain its portion of the electrical grid. In a statement following the costly blackout, the Utility Workers Union of America called on Ohio’s Public Utilities Commission to investigate the industry’s maintenance practices and urged the state legislature to revise its deregulation laws that led to lax standards and mass layoffs of line workers.

- 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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Updated: Aug. 14 (15:01)

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