It’s no secret: Social Security is in trouble. If our nation’s leaders don’t act, not only will there be cuts to the Social Security program, but this could be devastating for the current and future generations of retirees. The biggest issue facing the program is a shortfall in the Social Security Trust Fund, which helps cover benefits for Americans when they retire.
This is why The Seniors Center strongly supports The TRUST Act—a bipartisan bill that would help address the Social Security Trust Fund shortfall.
Breaking Down The TRUST Act
A recent opinion piece in The Salt Lake Tribune from Todd Weiler, a state senator for Utah, highlights why it is so important for Congress to be proactive and pass this bill.
Weiler explains that The TRUST Act would create a new way to examine and review the way that federal trust funds like the Social Security Trust Fund are managed. By establishing a commission of local and national experts, the bill would help identify ways to address any issues with the trust funds.
The TRUST Act would create a “Rescue Committee” for each trust fund. This committee would be tasked with developing and submitting a plan to Congress, providing recommendations on how to fix the problem. Then, any bills supported by the committees would receive expedited consideration in Congress.
The Seniors Center
At The Seniors Center, we support this straightforward, common-sense approach to addressing the Social Security Trust Fund shortfall. We believe that it is essential for Congress to be proactive in their efforts to ensure the well-being of current and future generations of retirees.