New House Rule Limits Full Consideration of Social Security Solutions

AARP wrote to members of the House of Representatives to express our strong concern with a last-minute amendment to H.R. 5, the House Rules Package for the 114th Congress, that would effectively limit potential options regarding Social Security, including options to protect benefits under the Social Security Disability Insurance Program. Under the amendment, the House could only consider legislation affecting any part of the Social Security program if the overall effect of the changes improved Social Security’s Old Age and …

House Rule Sets Up Election-Year Battle Over Social Security

Buried in new rules that will govern the House for the next two years is a provision that could force an explosive battle over Social Security’s finances on the eve of the 2016 presidential election. The Social Security disability program has been swamped by aging boomers, and unless Congress acts, the trust fund that supports it is projected to run dry in late 2016. At that point, the program will collect only enough payroll taxes to pay 81 percent of …

Congress Extends a Few Tax Breaks for You

So Congress wasn’t totally Scrooge-like this holiday season, as members tossed a few tax breaks to the rest of us. They passed legislation to extend a number of tax breaks that expired at the end of last year. If they hadn’t, you wouldn’t be able to take various deductions and credits when filing your 2014 tax return. >> Discussion: How do you make the most of your money? Among the key tax breaks for individuals: IRA charitable deduction. Those 70½ and older …

Those Pension Cuts and What You Need to Know

Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change applies to people covered under multiemployer plans that are in critical financial shape. Here’s what you need to know: What is a multiemployer plan? This is a pension covering workers and retirees from more than one employer in the same or related industries, such as trucking or construction. (Most of them were established under collective bargaining between …

New Hampshire House Candidates Clash on Social Security

The two candidates for a competitive House seat in New Hampshire duked it out over the future of Social Security in an Oct. 28 debate, which was broadcast statewide. “I will go to bat every single day” for Social Security, said Democratic Rep. Ann Kuster. Branding the system’s financing problems “easy to fix,” she called for raising the Social Security wage base limit from its current level of $117,000. >> AARP Voter Education Guide Republican challenger Marilinda Garcia voiced greater …

What Civil Rights Trailblazers Taught About Leadership

The second in a series celebrating the 50th anniversary of the 1964 Civil Rights Act. When introduced to Nelson Mandela in 1994, former AARP CEO A. Barry Rand first noticed the “quiet dignity” that the revered former South Africa president exuded. In a statement upon Mandela’s death, Rand also described the beloved Madiba’s “strong conviction, inspiring confidence, the wisdom of his years and experiences, and a strong moral character.” Rand concluded, “He was a man of purpose at peace with who …