News

  • Legislative Update October 2019

    Resource: Essential Retirement Planning for Solo Agers, A retirement and aging roadmap for single and childless adults, Sara Zeff Geber, PhD .By Congressman Peter Roskam (IL-06) .For those Social Security recipients concerned about making ends meet going forward, here are some tips: … Continued

  • Congressional Corner June 2016

    In January, lawmakers on Capitol Hill will likely begin efforts to repeal the Affordable Care Act, overhaul the tax code, dramatically alter trade deals, and confirm a new Supreme Court Justice. It remains to be seen which other policy issues will be prioritized by the Republican Congress. Efforts to reform the Social Security and Medicare programs have been on the table for years, and in the platform that the Republican party adopted back in July, lawmakers agreed that "of the many reforms being proposed, all options should be considered." Proposals to raise the Medicare eligibility age or to adopt the "chained" CPI – which would result in more slowly-growing Social Security cost-of-living adjustments – could see congressional action in 2017. .If I received the ,000 Lump-Sum Settlement, would I then lose my monthly Social Security check? Would the amount of the check be raised to the level that it should have been all along? .Trump Issues Executive Order on Prescription Drugs … Continued

When asked whether you prefer to get your Social Security benefits directly deposited electronically to bank accounts or received by mail, 9 percent of seniors still prefer receiving checks. .SSA Announces 2019 Social Security COLA of 2.8 Percent .Instead of using the CPI-W or the "chained" CPI, TSCL has been advocating for an inflation index that we believe would actually result in a more accurate Social Security COLA. We favor the CPI for Elderly Consumers (CPI-E), which the BLS has been tracking &ndah; but not utilizing – for decades. This index has shown that the spending inflation for seniors averages about two-tenths of a percentage point higher than the rate at which the CPI-W increases. We estimate that a senior who retired with average Social Security benefits in 1984 would have received ,496 more through 2013 had the CPI-E been used. .The absence of confirmed transmission is not necessarily evidence that fliers are safe. Instead, the lack of data reflects the fact that the U.S. has a higher infection rate relative to other countries, said Chen. Since the U.S. has so many confirmed cases, it's more difficult to determine exactly where somebody contracted the virus. ​ .The Part D initial coverage limit is ,960 this year. "That includes what both the beneficiary and the drug plan must pay, " explains TSCL's Chairman Ed Cates. Once in the doughnut hole, beneficiaries are on the hook for 65% of the cost of generic drugs, or 45% of the cost of brand name drugs. Medicare beneficiaries must spend a total of ,700 out of pocket in drug costs for the year, before catastrophic coverage kicks in. "Even then there's still some additional smaller co-insurance payments," Cates adds. .Democrats have delayed the start of the program in part because of its cost and an agreement to limit the overall spending in the Biden budget bill to .5 trillion. There is some talk on Capitol Hill of offering seniors limited vouchers to use toward dental benefits before 2028 as a compromise. .If you have recently moved and need to update your official mailing address, visit MySocialSecurityaccount, or call Social Security at 1-800-772-1213. .Provide a modest boost in monthly benefits to retirees to make up for years when no COLA, or only a negligible COLA, was payable. .With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association. Visit for more information.