Friends of Jan Schneider, P.O. Box 57, Sarasota, Florida 34230 | 941-955-6595

Social Security


Jan Schneider, is committed to saving Social Security, more formally known as Old-Age, Survivors, and Disability Insurance (OASDI), as the “safety net” for United States seniors.  This issue is particularly important in the Florida 16th Congressional District, ranked in the top five of the 435 districts nationwide for number of recipients.

Social Security benefits are the most important income source for most United States retirees and the only source for as much as forty percent of them.  Social Security provides more than half of income for two-thirds of U.S. seniors and 90 percent for more than one-third.  Overall, the system keeps 22.8 million Americans out of poverty, around 21.8 million seniors and nearly a million children.  It is particularly important for older women and minorities.
Raising or eliminating the Social Security cap or taxable maximum would go a long way toward stabilizing finances and improving the system.  The 2024 cap is $168,600, up from $160,200 the previous year.  Cracking down on abuses, especially misclassification by employers of workers as independent contractors instead of employees, could also bring considerably more money into the system.

On the other hand, some proposed remedies for addressing solvency may risk fundamentally altering the nature and purpose of Social Security.  In 2024 the normal or full retirement age is 67 for those born in 1960 or later; but seniors can elect to receive reduced benefits starting at 62 years old and increased benefits for waiting until a maximum of 70.  Raising the retirement age further would disproportionately disadvantage workers who are increasingly unable to perform more physical and usually lower paid work as they get older, compared to wealthier and typically healthier individuals.  Tampering with benefit formulas, either the initial primary insurance amount or cost-of-living adjustments, could also threaten the independence of vulnerable seniors and commensurately burden their families.  Means testing would fundamentally change the system from one of earned social insurance to a species of welfare.

Individual retirement accounts, 401(k) plans and other private retirement arrangements are valuable tools; but they must remain in addition to, rather than instead of, Social Security.  Privatizing or partially privatizing Social Security would augment the impact of serious economic downturns or recessions for retirees, especially those in lower-income brackets.
The simple fact remains that hordes of Americans are woefully unprepared for retirement. The Social Security safety net is vital.

Jan supports raising the cap, ceasing raiding the trust funds and implementing other financial measures to sustain Social Security.  She opposes decreasing benefits or further raising the retirement age.  Opponent Vern Buchanan (R-FL16)embraced the Roadmap for America’s Future put forward by then Chair of the House of Representatives Budget Committee Paul Ryan (R-WI) and repeatedly voted for Ryan budget bills.  The Ryan proposals would have made drastic cuts to Social Security, partially privatized the system by allowing workers to divert over one third of their Social Security taxes into tax-exempt private retirement accounts and gradually increased the normal retirement age to 70.


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Florida 16th Congressional District