David Certner is the Legislative Counsel and Legislative Policy Director for Government Affairs at AARP, serving as counsel for the Association's legislative, regulatory, and policy efforts at the federal and state level, as well as for litigation opportunities before the courts. Follow on Twitter @DavidCertner.

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4 Simple Tips That Can Save You Money

Saving for your future doesn’t have to be complicated. Here are four simple tips that can save you big money. Watch the video, and see below for even more resources.   1. Know where your money goes    It doesn’t matter whether you do it on your computer, on your phone or with good old-fashioned pen and paper – just be sure to track your spending! For your computer, many banks and credit unions provide spending analysis tools free as …

Pensions Under Attack, AARP Fights Back

The financial security of many older Americans could be at risk under a proposed law that was the focus of a hearing this week on Capitol Hill. Under the proposed plan, millions of retirees could see cuts to the benefits they’ve earned through a lifetime of hard work. At issue is a proposal by multi-employer pension plans (plans in which many employers contribute to a common fund to cover their mobile workforce) devised to save the plans from insolvency.  That …

Why the Chained CPI is Wrong for Social Security

Yesterday, the President included Social Security cuts in his budget through a proposal called the “chained CPI”. Let’s take a minute and break down exactly what that means: The chained CPI would modify the way the cost-of-living-adjustment (COLA) for Social Security is calculated, cutting benefits by $127 billion dollars over the next 10 years alone. That comes out to over $2000 in lost benefits for the average senior. Some have tried to defend this unprecedented inclusion of Social Security benefit …

Chained CPI for Social Security Not More Accurate for Seniors

In an attempt to reduce the federal deficit, Congress and the Administration are considering changing the consumer price index — a change that would have a particularly negative impact on Social Security benefits.  Their proposed change, the “chained CPI,” is estimated to lower the CPI by 0.3 percentage points each year, taking approximately $112 billion out of the pockets of current and near retirees in the next 10 years alone.  A typical beneficiary – with an annual income of roughly $20,000 …

5 Reasons Chained CPI Is Bad For Social Security

David Certner is the Legislative Counsel and Director of Legislative Policy for Government Affairs at AARP. Congress and the Administration are considering, as a means of deficit reduction, a legislative change to the consumer price index – the so-called “chained CPI.” This change would have a particularly negative impact on Social Security benefits – here’s why: 1. Chained CPI compounds over time.  As a result of a chained CPI, there will be a 0.3% annual cut in Social Security cost …