Impact of Chained CPI
 
American Council of the Blind
Resolution 2013-08
 
Summary
 
This organization expresses its strong opposition to the proposed use of chained CPI to calculate adjustments in Social Security cash benefits for recipients who are blind or visually impaired and advocates that the proposed use of the chained-CPI does not occur
 
WHEREAS, President Obama's entitlement reform proposals include changing Social Security's use of the Consumer Price Index (CPI) to a so-called chained-CPI system to determine how annual benefit adjustments are calculated; and
 
WHEREAS, this change in calculation procedures will lower Social Security cash benefits by an estimated 3 percent over the next 30 years; and
 
WHEREAS, many Social Security benefits recipients who are blind or visually impaired, including many older individuals, are barely able to survive on their current monthly Social Security benefits; and
 
WHEREAS, moving to a chained-CPI approach that would give Social Security recipients less money over the long term will have a very detrimental effect on many blind and visually impaired individuals who rely upon Social Security programs as their sole or primary source of income;
 
NOW, THEREFORE, BE IT RESOLVED by the American Council of the Blind in convention assembled on the 11th day of July, 2013, at the Hyatt Regency Hotel in Columbus, Ohio, that this organization express emphatically its strong opposition to the proposed use of chained CPI to calculate adjustments in Social Security cash benefits for recipients who are blind or visually impaired; and
 
BE IT FURTHER RESOLVED that this organization work shoulder-to-shoulder with all appropriate organizations to advocate that the proposed use of the chained-CPI does not occur.
 
Adopted.
 
Marlaina Lieberg, Secretary