Chris Vance on Social Security

Raise taxable wage limit to $190,000 by 2020

• Provide an enhanced minimum benefit for low wage workers. Create a new special minimum benefit that provides full career workers with a benefit no less than 125 percent of the poverty line in 2017 and indexed to wages thereafter.
• Enhance benefits for the very old and the long-time disabled. Add a new "20-year benefit bump up" to protect those Social Security recipients who have potentially outlived their personal retirement resources.
• Gradually raise the taxable wage limit, so the wealthiest Americas contribute more to the program. The limit should go up to roughly $190,000 by 2020.
• Gradually increase Social Security retirement ages based on life expectancy, to 68 by about 2050 and 69 by about 2075.
• Adopt "chained CPI" as a more accurate measurement of inflation to calculate the Cost of Living Adjustment for Social Security beneficiaries.

No privatizing and no voucher program

Increase retirement age; change benefit programs