The Herald Bulletin

Afternoon Update

Local Business

July 2, 2013

Retirees oppose Social Security cuts outside Anderson City Hall

Protest part of national day of action

ANDERSON, Ind. — About 15 Madison County retirees who object to proposed changes in Social Security benefits picketed outside City Hall on Tuesday.

Their protest was part of a national day of action organized by the Alliance for Retired Americans. The alliance opposes a new way of calculating benefits called the "chained CPI." Benefits are currently tied to the Consumer Price Index, but the new plan gaining traction in Washington could lead to lower benefits.

Protesters chose City Hall because U.S. Rep. Susan Brooks, R-5th District, has an office there.

"This is something all the Republicans are going to agree on, but hopefully protests like ours will make a difference," said Jim Hensley, a retired General Motors employee and union activist.

But it also has support from the Obama administration, according to some published reports.

Cost-of-living adjustments to monthly benefits are supposed to help retirees keep up with rising living standards and costs.

The idea behind the "chained CPI" is that as costs go up recipients will find cheaper alternatives to the foods and other items they buy, according to a handout from the alliance.

However, what that doesn't take into account is the rising cost of heath care, which consumes a larger percentage of the income of senior citizens.

According to the alliance, the new calculation would mean an immediate cut in benefits, and could result in the loss of more than $6,000 over 15 years for someone who retired in 2011 at age 65.

"This is not going to help the budget deficit, or help the taxpayer," Hensley said. "They're just trying to cut our benefits."

The protesters were in front of City Hall for about an hour, and responded to the honking horns of passing motorists.

Like Stu Hirsch on Facebook and follow him @stuhirsch on Twitter, or call 640-4861.

1
Text Only
Local Business
  • Historic barn tour and workshop Sept. 19 Across Indiana, barns of all ages and types have been successfully rehabilitated for modern farming and other uses. On Sept. 19, Indiana Landmarks offers BARN AGAIN!, a workshop to help owners maximize use of vintage barns.

    August 20, 2014

  • NWS - HB0820 - Kennedy Google- JC 2 Google X captures heart, imagination of AU professor After spending the summer working at Google's secret research laboratory in Mountain View, California, Scott Kennedy has decided to stay.

    August 19, 2014 3 Photos

  • Residential electric rates increasing by 9 percent The electric rates for residential customers of Anderson Municipal Light & Power will increase by 8.96 percent for the final three months of the year.

    August 19, 2014

  • Indiana experiences growth in manufacturing sector Known for its strength in traditional and progressive manufacturing, Indiana gained more than 5,500 jobs in the manufacturing sector last month and has maintaining a 5.9 percent unemployment rate from June.

    August 19, 2014

  • NWS - HB0819 - Mounds Reservoir - JC 1 People get a view of proposed reservoir

    Local residents are being given the opportunity to discuss the benefits and challenges that face the development of the proposed Mounds Lake reservoir.

    August 19, 2014 3 Photos

  • FEA - HB0819 - Mommy Monday - JC 3 Mommy and me time

    Babette Bargo of Anderson said she brought her daughter to Community Hospital’s first Mommy Monday to meet other mothers and children after her sister-in-law told her about the event.

    August 18, 2014 2 Photos

  • Reservoir would reduce tax revenues If the proposed Mounds Lake reservoir becomes a reality by 2021, local taxing units could lose an estimated $1.9 million in revenues.

    August 18, 2014

  • Ambulance provider to leave communities

    Area hospitals say they are not sure what to make of Rural/Metro Corp.’s announcement to end ambulance services in some Indiana communities.

    August 18, 2014

  • Grant intended to lift college completion for 21st Century Scholars Fall classes at Ivy Tech Community College aren't set to begin for another week, but "college success coaches" from a company called InsideTrack are already contacting 21st Century Scholars to help them transition from high school to college.

    August 18, 2014

  • Jesse Wilkerson: Change is not always good, but sometimes necessary

    Remember when you graduated from high school? You and others started preparing yourself to take on more responsibility. A change occurred. Ready or not you were faced with more decisions that would have greater impact on your life.

    August 18, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide