GENERATION X

Social Security Benefits; What About Me?

1. l. Current retirees agree to support the ACT plan that “unlocks tomorrow” for you, meaning you’ll have a new individually owned retirement account (ICIRA) – you own it, it’s yours, and it’s portable.
   


2. ll. You support the ACT plan that “secures today”, meaning current social security retirees will get their social security check without revision until the day they expire.
   
   
3. lll. Both you and the retirees support the ACT plan that:
        a. Phases out new social security retiree obligations over a 35 year period; means more money for your retirement account
        b. Eliminates new social security IOUs created by social security tax over payments, and begins phasing out the current 2.5 trillion dollar social security IOU debt you’re on the hook for
   

Social Security; So is this it?

1. If I’m drawing a paycheck subject to social security taxes, I’ll have a new retirement account that I own,
   without any additional monies coming out of my paycheck
   
2. Current retirees will get their social security checks without revision until the day they expire
   
3. Future SS funding burdens are relieved by phasing out new SS retiree obligations over the next 35 years
   
4.  There will be no more new social security IOUs that I’ll have to pay again plus interest