News

  • Benefit Bulletin June 2014

    This week, lawmakers returned to Capitol Hill following a week-long holiday recess, and four Members of Congress signed on as cosponsors to key legislation that would make the Social Security program more equitable for public employees. .Another supporter told us: "I was paying 4 for a three-month supply of Aromasin. A few days ago, I discovered the new price would be 8 for three months … Pfizer has raised the price far too high for seniors on Medicare living on fixed incomes." .Proponents of value-based healthcare say: … Continued

  • H R 3074 Cpi For Seniors Act

    This week, lawmakers in the Senate continued working on plans to reform the healthcare system. In addition, The Senior Citizens League saw five key bills gain new cosponsors in the House. .This week, House lawmakers remained in their home districts to continue the August recess. Meanwhile, The Senior Citizens League (TSCL) saw support grow in the Senate for three bipartisan bills that would strengthen the Medicare program. .If adopted, S. 61 would allow for the personal importation of safe and affordable drugs from approved pharmacies in Canada. … Continued

Changes in U.S. immigration polices impact the finances of Social Security and Medicare. Policies that expand legal immigration would result in new payroll tax revenues from immigrant workers flowing into Social Security and Medicare, strengthening program finances. On the other hand, policies that provide new work authorization to immigrants who are already working in this country illegally would provide new access to Social Security and Medicare benefits that could be based, at least in part, on earnings worked under invalid or fraudulent Social Security numbers. .TSCL's Board of Trustees Meets with Members of Congress .For details, or to see if your Members of Congress will be holding town hall meetings during the summer recess, call their local offices. You can find contact information HERE. For a list of ten sample town hall questions, click HERE. .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. .If the Social Security COLA were based on a more accurate measure of inflation for senior citizens, next year's increase would not be 0.3 percent – it would be 2.1 percent according to the Bureau of Labor Statistics. Do you support legislation that would base the COLA on a more accurate inflation index like the Consumer Price Index for the Elderly? .The WEP affects people who worked for a state or local government employer that did not withhold Social Security taxes from salary. When you claim the pension for your work as a police officer, the WEP can reduce your Social Security benefit by as much as half of the amount of your pension. .Calculate the annual COLA using the Consumer Price Index for the Elderly (CPI-E). TSCL studies indicate that using the CPI-E would provide a very modestly - higher COLA in most years. .Social Security's "full" retirement age is the age at which you qualify for full, un-reduced benefits. It's based on your date of birth, so it varies for everyone. In 1983, Congress enacted changes that very gradually raised the full retirement age to age 67 by the year 202The full retirement age for people born between 1943 and 1954 is 6For those born in 1955 it is 66 and 2 months and it goes up 2 months per year for those born between 1956 and 195For people born in 1960 and thereafter, the full retirement age is 67. ."Even though our new Congress may remain divided, these five areas of broad agreement could be potentially used as a legislative roadmap that would provide greater retirement security and reduce needlessly high Medicare costs," Johnson says. The Senior Citizens League is working for passage of legislation that would boost Social Security benefits, and supports efforts to lower Medicare costs.