According to CNBC, AARP said it opposes the Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE, Act, a bipartisan Senate proposal designed to speed up Social Security changes. In a July 21 letter, AARP Chief Advocacy and Engagement Officer Nancy LeaMond said the group wants any overhaul to go through regular order, with committee oversight and open debate, rather than a fast-track process.
The article said Social Security's annual trustees report, released in June, projects the retirement trust fund could run out in the fourth quarter of 2032, three months earlier than previously forecast, leaving 78% of benefits payable at that point. If the retirement trust fund is combined with the disability trust fund, depletion could move to the third quarter of 2034, when 83% of scheduled benefits would be payable.
AARP opposes Senate fast-track bill for Social Security changes
2026-07-23 13:01:01
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