Social Security

Social Security Petition Sent to the White House

Over two million people not happy with a proposed change to how Social Security benefits will be calculated

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WASHINGTON, April 9 (UPI) — Advocates Tuesday delivered more than 2 million petition signatures to the White House, protesting a planned switch in calculating Social Security benefits.

The budget President Obama plans to unveil Wednesday is expected to recommend a switch in calculating cost of living adjustments to Social Security to a method known as chained CPI, which is projected to reduce increases in the cost of living by 0.3 percentage point a year, reducing Social Security spending by an estimated $112 billion in the next decade.