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It has no official seat at the bargaining table, but AARP, occupying a lavish blocklong headquarters not far from the Capitol, will play an outsize role nonetheless in the debate over the fiscal crisis as it seeks to protect benefit programs.
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Solid economic growth and a bulging trust fund will protect benefits for decades, they say.
Most Republicans, in a turnaround, are distancing themselves from the plan and pledging to protect benefits.
It does not protect benefits permanently or prevent future tax increases.
By implicitly calling for reductions in future benefits to the elderly, Mr. Greenspan attacked a basic tenet of Democratic vows to protect benefits come what may.
March 24 , 2014Cameron hints the Conservatives could promise to protect benefits like the winter fuel payments for wealthy pensioners in their election manifesto.
He hinted that the Conservatives would promise to protect benefits like the winter fuel payments for wealthy pensioners in their election manifesto.
However, from Mr. Hollande's viewpoint, the pension proposal worked: it kept his promise to his base to protect benefits, underlining the differences with his predecessor.
The government chose to protect benefits at quite a high level while hoping this could be achieved with quite modest premiums.
The Medicare agency, which is writing rules for the new law, quickly said that the numbers in The Times's report were outdated and that "great pains" were being taken to protect benefits.
The House voted on Wednesday to allow businesses to pay less into workers' pension plans over the next two years, saying the $26 billion in relief was needed to enable companies to keep plans afloat and protect benefits for future retirees.
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