News

  • Ask The Advisor Aprilmay 2013

    Get the Revised Retirement Newsletter .Action on Capitol Hill was slow this week as lawmakers remained in their home states and districts for the holiday recess. They are expected to return to Capitol Hill to begin the second session of the 114th Congress on Tuesday, January 5th. Check back then for legislative news, or visit our new page on Twitter for more frequent updates. .This week, The Senior Citizens League was pleased to see support grow for three key bills that would improve the Social Security and Medicare programs if adopted. … Continued

  • Best Ways To Save February 2014 2

    This week, The Senior Citizens League was pleased to see support grow for two key bills that would improve retirement security in America if adopted. .In January, one-third of all Medicare beneficiaries will see a Part B premium increase of 22 percent – the highest increase in 27 years. Do you believe Congress should take action like it did last year to prevent the dramatic increase? .Members of Congress remained in their home states and districts this week for Tuesday's mid-term elections. They are expected to return to Capitol Hill to begin the "lame duck" session on Wednesday, November 12th, following the Veterans Day holiday. … Continued

The Democrats are likely to use reconciliation to move President Biden's COVID-19 relief measure through Congress while sidestepping a GOP filibuster. .Includes new and stronger penalties for Social Security fraud by attorneys, physicians, and others who receive fees for advising disability applicants. .Nonetheless, several Senators at Tuesday's hearing urged CMS to consider withdrawing the proposed payment changes. Committee Chairman Orrin Hatch (UT) expressed concerns about the rule's potential unintended consequences. He said: "I believe this experiment is ill-conceived and likely to harm beneficiaries. It is an overreach on the part of CMS that, in my opinion, goes beyond the agency's statutory authority, extends nationwide, and requires all Medicare Part B providers to participate." .Personal testimonials are no substitute for scientific evidence. .If we get 100,000 signatures, we know that the President will hear our concerns because the White House will have to answer our petition. .The Senior Citizens League (TSCL) relies on donations from supporters to carry out its mission on behalf of senior citizens and retirees. The organization does not receive any government funding. .An abrupt jump in inflation in February and March of this year wiped out a short-lived improvement in the buying power of Social Security benefits in 2020, according to TSCL's latest study on rising senior costs. The study, which compares the growth in the Social Security cost of living adjustments (COLA)s with increases in the costs of goods and services typically used by retirees, found that, while consumer prices flatlined in 2020 through January 2021, costs are now sharply increasing. .Case 2— A man born in Mexico worked under his father's SSN for 9 years and then had these wages transferred when he acquired his own SSN before collecting retirement benefits. From 1999 to 2002 he collected approximately ,441 in retirement benefits, including benefits for dependents based on his account. Estimated benefits over 20 years — ,300. .Last year, my office received reports of people coming up to the doors of our elders, posing as census takers or COVID testers, and requesting sensitive information like Social Security numbers and other forms of identification -- something that real census takers or health workers would never do.