KOHL RELEASES STATEMENT ON SOCIAL SECURITY TRUSTEES REPORT
WASHINGTON, D.C. - U.S. Senator Herb Kohl, Chairman of the Senate Special Committee on Aging, released the following statement on the
Social Security Board of Trustees' annual report, which presents the current and projected financial status of the trust funds. In May, the Aging Committee
released its own official report on Social Security, outlining the challenges currently facing America's retirement program and highlighting options for addressing program solvency, benefit adequacy, and retirement income security for economically-vulnerable groups.
"Although it is clear that the economic downturn is impacting the program, the Social Security Board of Trustees state that the long term Social Security shortfall is four percent less than it was last year. Their conclusions echo the message of our recent report: that far from being in crisis, Social Security can remain secure for future generations with just a few modest tweaks. We should tackle this sooner rather than later in a thoughtful, responsible and bipartisan manner in order to keep the program solvent and strengthen benefits for those who rely on them most."
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For a copy of the Aging Committee's report on Social Security, click here:
For a copy of the Social Security Board of Trustees' annual report, click here:
