(EMAILWIRE.COM, October 04, 2002 ) SUGGESTED ANCHOR LEAD: It's no secret. Our nation is suffering through difficult financial times. If you're one of many Americans relying on social security for your financial security there are things you should know. Roberta Facinelli has more. (:60)

SCRIPT: What would you do if your hard-earned money, the financial support you counted on for retirement suddenly disappeared before your eyes? This is what The Coalition For The Modernization and Protection of America's Social Security (COMPASS) is afraid will happen if the government doesn't reform and modernize this system. The organization predicts the government's inaction will result in major cuts and tax increases in order to fund Social Security. The system is facing a projected deficit by 2017 and ultimate bankruptcy by 2041. Sam Beard of COMPASS.

CUT (Beard): The Social Security contract needs to remain invaluable, and we need to modernize the system and on a voluntary basis, open up the opportunity for wealth accumulation to young Americans.

SCRIPT: As a building block for reform the coalition supports giving younger workers ownership of a portion of their retirement money for other types of investments. They believe this is one step towards modernizing the system today and saving it for tomorrow. I'm Roberta Facinelli.

SUGGESTED ANCHOR TAG: COMPASS is running TV ads in as many as 19 media markets over the next few months, in an effort to educate the public and send the message that Social Security must be protected. COMPASS is a non-partisan organization.

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Produced for Compass

Contacts:

Steve Daly 202-973-5874

Brendon Shank 202-973-3627

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Contact Information:
Compass
Joseph Nchor
Tel:
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