Mike Pence on Social Security

Republian nominee for Vice President; Governor of Indiana; former Representative (IN-6)


Let younger Americans invest a portion of their payroll tax

I think they're ready for a serious conversation that says, "Look, we can preserve and protect Social Security and Medicare for people that are in retirement and who will retire in the next 25 years." To turn us away from that debt crisis that they're facing, we've got to bring forward common sense and compassion reforms. I think all these issues for younger Americans are on the table, including allowing younger Americans to invest a portion of their payroll tax in a personal savings account.
Source: Meet the Press on 2023 Presidential hopefuls , Jun 18, 2023

Reform could include investing taxes in a mutual fund

Every time the American people have been given commonsense and compassionate reforms -- it could be a change in the age of eligibility, but it also could include letting younger Americans invest a portion of their payroll taxes in a mutual fund, like the TSP program that 10 million federal employees are in today. We could literally give them a higher return on investment in exchange for changing the benefit structure that they would receive under Social Security.
Source: CNN Town Hall: interviews of 2024 presidential candidates , Jun 7, 2023

We're going to meet our obligations to our seniors

KAINE: Donald Trump wrote a book and said Social Security is a Ponzi scheme and privatization would be good for all of us.

PENCE: Well, there they go again.

KAINE: Go read the book And when Congressman Pence was in Congress, he was the chief cheerleader for the privatization of Social Security. Even after President Bush stopped pushing for it, Congressman Pence kept pushing for it. We're going to stand up against efforts to privatize Social Security. And we'll look for ways to keep it solvent going forward, focusing primarily on the payroll tax cap.

PENCE: All Donald Trump and I have said about Social Security is we're going to meet our obligations to our seniors. That's it.

KAINE: Go read the book.

Source: 2016 Vice-Presidential Debate at Longwood University , Oct 4, 2016

We will keep promises to seniors

All Donald Trump and I have said about Social Security is we're going to meet our obligations to our seniors. That's it. We've said we're going to meet the obligations of Medicare. That's what this campaign is really about. And I get [it, that] this is the old scare tactic that they roll out. We're going to reform government programs so we can meet the obligations of Social Security and Medicare.
Source: 2016 Vice-Presidential Debate at Longwood University , Oct 4, 2016

Personal investment for Social Security retirement

"Conservatives want to see personal retirement accounts that have immediate relevance to younger Americans, that they can see the value, and that will require that they be big and that they be implemented in the final bill without delay," said Rep. Mike Pence. Pence said Republicans have come to agreement on principles for fiscal discipline and Social Security, and are prepared to be the conservative balance trying to give the president the backing to pursue the boldest possible plans on both issues.
Source: Washington Times on 2016 Indiana gubernatorial race , Jul 14, 2016

Cutting Social Security should be on the table

Pence spent 12 years in Congress as a leading fiscal conservative. During his tenure he backed efforts to reform Social Security. In 2010, when asked whether he'd support making cuts to Social Security, Pence told CNN, "I think everything has to be on the table." When asked if he'd raise the retirement age, he said, "I'm an all-of-the-above guy. We need look at everything on the menu." At the time, he said any reforms should just affect Americans under the age of 40.
Source: CNN.com on 2016 Veepstakes, "Pence on Social Security" , Apr 9, 2014

Social Security is a covenant but needs commonsense reforms

Congressman Mike Pence says, "We must keep our promise to America's seniors and ensure the solvency of Medicare and Social Security for retirees in the future." Social Security and Medicare must be saved and strengthened for future retirees. Congress must work in a bipartisan fashion to enact commonsense reforms so that we ensure that these programs are available and strengthened for future generations.

Social Security is a covenant between the American government and American retirees. Our nation's senior citizens have paid into the Social Security system their whole life with the promise that it would be there for them when they retire. I intend to keep this promise, not only to those Americans who currently rely on Social Security, but also to those Americans who are nearing retirement and will be relying on this program to meet their retirement budgets.

Source: House of Representatives website mikepence.house.gov , Jan 8, 2012

Reform Social Security to ensure its solvency

Q: What about entitlement spending? Are you going to raise the retirement age as Boehner suggested might be a good idea on Social Security?

A: We'd keep our promises to seniors and near seniors, but for Americans under the age of 40, we absolutely have to begin to reform Medicare and Social Security in ways that'll ensure its long-term fiscal solvency. But let me assure you, the Pledge to America Republican reform agenda] is not the end-all, be-all, it's meant to be a good start.

Source: Meet the Press 2010 interview of Mike Pence , Sep 26, 2010

Down-the-road raising of the Social Security retirement age

Top Republican leaders in the House offered a fairly strong signal on Sunday that they would favor a down-the-road raising of the Social Security retirement age as part of an effort to revamp the entitlement program. Later during the "Meet the Press" program, Mike Pence was asked if he supported the idea. The Indiana Republican stammered around for a bit, echoing the same talking point concerning the need for "an adult conversation about domestic spending and entitlements."
Source: Huffington Post, "Retirement Age": 2016 Veepstakes , Aug 8, 2010

Rated 22% by the ARA, indicating an anti-senior voting record.

Pence scores 22% by the ARA on senior issues

The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.

The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization`s preferred position.

Source: ARA website 03n-ARA on Dec 31, 2003

Other candidates on Social Security: Mike Pence on other issues:
2024 Republican Presidential Candidates:
Gov. Doug Burgum (R-ND)
Gov. Chris Christie (R-NJ)
Gov. Ron DeSantis (R-FL)
Larry Elder (R-CA;withdrew)
Gov. Nikki Haley (R-SC)
Rep. Will Hurd (R-FL;withdrew)
Gov. Asa Hutchinson (R-AR)
Perry Johnson (R-IL)
Mayor Steve Laffey (R-RI)
Former V.P.Mike Pence (R-IN;withdrew)
Vivek Ramaswamy (R-OH)
Sen. Tim Scott (R-SC)
Secy. Corey Stapleton (R-MT)
Mayor Francis Suarez (R-FL;withdrew)
Former Pres.Donald Trump (R-NY)

2024 Democratic and 3rd-party primary candidates:
Pres. Joe Biden (D-DE)
V.P.Kamala Harris (D-CA)
Robert F. Kennedy, Jr. (I-NY)
Chase Oliver (L-GA)
Rep.Dean Phillips (D-MN)
Jill Stein (Green)
Cornel West (Green Party)
Kanye West (Birthday Party)
Marianne Williamson (D-CA)
Civil Rights
Foreign Policy
Free Trade
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Health Care
Homeland Security
Social Security
Tax Reform

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