To the Editor: It has been pointed out to me that I misspoke/miswrote in my letter about the proposed changes to Social Security and said that the proponents were saying that the changes would not …
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To the Editor:
It has been pointed out to me that I misspoke/miswrote in my letter about the proposed changes to Social Security and said that the proponents were saying that the changes would not effect those under 55.
I meant that they were saying the changes would not effect those over 55. The reality is that a change in from using the CPI to determine the SS COLA to using the Chained CPI would affect everyone, including all those currently receiving Social Security.
The whole point of the proposed switch is to reduce the benefits going out. It is true that increasing the age to receive SS would affect only those under 55, but if we raise the cap it is an unnecessary change and one that would disproportionately fall on those in the most demanding physical labor fields since they tend to die younger.
Jim Bullard
Potsdam