[NV Greens] Fw: Nevada: You Could Lose $3,121 a Year--or More

[Barb Ewing]

Social Security: Don't Privatize It
----- Original Message ----- 
From: Working Families e-Activist Network
To: Barbara Ewing
Sent: Thursday, May 05, 2005 5:29 PM
Subject: Nevada: You Could Lose $3,121 a Year--or More




                        Dear Nevada Working Families e-Activist, URGENT:
                                Contact Congress Today


                                Punch Back-Tell Congress: Protect Our
Retirement. Don't Privatize Social Security.




                                Click Here




                        Seventy percent of Nevada's Social Security
recipients-230,734 Nevadans-would lose an average of about $260 a month if
the latest Social Security benefit cuts President George W. Bush proposes
were in full effect today. That's $3,121 less each year for basics like
food, medicine and utilities.* And that's for workers who DON'T sink part of
their Social Security money into risky, privatized accounts.



                        Please act now to stop this attack on retirement
security and America's working families. Contact your members of Congress
and demand they sign the Pledge to Strengthen Social Security, oppose
privatization and oppose benefit cuts to pay for privatization. Click here:




                        Click here


                        Last week, President Bush revealed what's up his
sleeve for Social Security: a one-two punch to guaranteed benefits.


                        PUNCH 1: He wants to change the way future Social
Security benefits are calculated-so literally millions of workers would see
much smaller benefits than what they're promised today.


                        PUNCH 2: He still wants to privatize Social
Security-and the added cuts in guaranteed benefits for workers who choose
privatized accounts would be huge.


                        Here are a few examples:


                        If you earn an average of $36,000 a year, retire in
2055 and participate in the privatized account plan, your guaranteed Social
Security benefits would total a puny $7,510 a year, compared with $22,100 a
year under today's plan (in 2005 dollars).


                        Another scenario is even gloomier-if you average
$59,000 a year, you could see a whopping 87 percent drop in guaranteed
benefits, from $29,300 a year to just $3,750 (in 2005 dollars).**


                        We've got to act now to stop this attack on Social
Security and America's working families. Please click the following link to
urge your U.S. senators and representative to sign the Pledge to Strengthen
Social Security, oppose privatization and oppose benefit cuts to pay for
privatized accounts.


                        www.unionvoice.org/campaign/SocialSecurity_Pledge


                        Our retirement security is on the line. Even if you
previously sent your members of Congress a message urging them to sign the
Social Security pledge, do it again today. They need to hear our voices
nonstop until we've beaten back the attacks on Social Security and America's
working families.


                        Once you have sent your message, please forward this
e-mail to friends, co-workers and relatives who are concerned about
retirement security and urge them to take action, too.


                        We can win for working families.



                        In solidarity,


                        Working Families e-Activist Network, AFL-CIO
                        May 5, 2005



                        Sources:
                        * Social Security Administration
                        ** Center on Budget and Policy Priorities, "How
Would the President's New Social Security Proposals Affect Middle-Class
Workers and Social Security Solvency," May 2, 2005











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