A COVID-19-caused Social Safety catastrophe looms for individuals born in 1960—until Congress fixes it

The motion half is simple. Rep. John Larson, a Connecticut Democrat, has legislation to fix it, a invoice that has been hanging round since July. It is a sublime repair that would not simply be sure the profit cuts do not occur this time round, however makes positive they cannot occur once more. It merely ensures that the Common Wage Index by no means drops beneath the earlier yr’s stage. That protects retirees from all main financial downturns.

With the yr winding down legislatively, Larson is pushing to have his fix included within the year-end spending invoice, together with a rise in advantages for Social Safety recipients. “Some say we will’t afford to guard and increase Social Safety now, throughout a world pandemic,” he writes in an op-ed in The Hill. “Nonetheless, these most harmed by the pandemic—the aged, individuals of shade, and particularly ladies of shade—are the identical ones who depend on Social Safety essentially the most, they usually desperately want a short lived emergency profit enhance.”

That is in anticipation of subsequent yr, when he guarantees to introduce a revised model of the Safety 2100 Act to increase Social Safety and guarantee its solvency for at the very least the subsequent 75 years. That is a struggle for subsequent yr. Proper now, it’s important that Congress makes positive all of the individuals unlucky sufficient to have been born in 1960 aren’t arbitrarily punished a second time—and for the entire of their retirements—by the pandemic.

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