CA SR89

Urges U.S. Congress to fix a technical glitch in Social Security's benefit calculation caused by COVID-19 pandemic-related wage declines that would reduce benefits by approximately 9% (about $2,511 annually) for workers turning 60 in 2020

Workers turning 60 in 2020 could lose up to $45,859 over the course of their retirement compared to those who turned 60 in 2019 with identical earnings histories

Recommends Congress either base the national average wage on first quarter 2020 earnings or use the 2019 national average wage for calculating benefits for those turning 60 in 2020

Notes that Social Security benefits lift more than 15 million elderly individuals out of poverty and are especially important for African Americans, Latinos, and women who face higher poverty rates

Directs the Secretary of the Senate to transmit copies of this resolution to the President, Vice President, Social Security Commissioner, congressional leadership, and California's federal delegation