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April 14, 2024

Today in 1934
The Toledo (Ohio) Auto-Lite strike begins today with 6,000 workers demanding union recognition and higher pay. The strike is notable for a five-day running battle in late May between the strikers and 1,300 members of the Ohio National Guard. Known as the “Battle of Toledo,” the clash left two strikers dead and more than 200 injured. The two-month strike, a win for the workers’ union, is regarded by many labor historians as one of the nation’s three most important strikes. ~ Labor Tribune

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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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