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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Smallest Hike for Social Security Recipients Since 1975

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Friday, November 8, 2013   

PHOENIX – For Arizona's Social Security recipients, it is the smallest benefit increase in decades, but it could be worse.

The federal government has announced a benefit increase for next year of 1.5 percent.

National AARP President Rob Romasco says that's the smallest amount since 1975, but it would be even lower if there were changes to how the cost-of-living adjustment is calculated, as some in Congress have proposed.

"If the Chained CPI were in effect, that would be 1.2 percent,” he says. “That's a 20 percent decrease in your benefit increase and, over time, that compounds.

“So, if you retire at 65, by the time you're 90, you'll have experienced thousands of dollars of fewer benefits over that time."

Current projections have Social Security staying solvent for about 20 more years. More than 820,000 Arizonans receive Social Security benefits.

AARP has pushed for a national conversation on how to strengthen the program for the future.

But Romasco says since American workers are the ones who have funded Social Security, it should be a separate debate, not part of any debt talks.

He feels the same way about Medicare. Workers and employers also help with funding that program, which has been squeezed by the high cost of medical care in the U.S.

"We spend $2.7 trillion in this country on health care costs,” Romasco points out. “On a per-person basis, we are 50 percent more expensive than any other country in the world. We can do better than that.

“However, we still need to look at Medicare. AARP is supporting responsible solutions that don't affect beneficiaries, but do make the system more efficient."

AARP says there were nearly $16 billion in Social Security benefits paid to Arizonans last year, supporting an estimated 200,000 jobs.




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