News

  • Legislative Update July August 2019

    "This year is particularly difficult to forecast with certainty," Johnson says. "The inflation patterns, caused in large part due to the COVID-19 pandemic, were unprecedented in my experience," she says. .This week, one new cosponsor – Rep. Pete Olson (TX-22) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 2745), bringing the total up to twenty-six. If signed into law, the bill would prevent Social Security credits from being earned by work done illegally. Currently, those who receive "green cards" or work authorization may file a claim for Social Security benefits based on all earnings – even earnings from jobs where they used stolen, invalid, or fraudulent Social Security numbers. We believe that this practice must be put to an end in order to protect the integrity of the Social Security program. .Earnings from work could cause Social Security to withhold your benefits. Should you be successful in your job search, your earnings could affect what you receive in Social Security benefits. Social Security will deduct in benefits for every you earn above the annual limit, which is adjusted annually and is ,720 in 201If for example, you started a job and earn ,000 in 2017, you would earn ,280 more than the exempt ,720. That means Social Security with withhold about ,140 in benefits. If you are receiving a reduced survivors monthly benefit of 5, or ,100 annually, then you would receive only 0 in benefits for the entire year of 201You would receive no benefits at all for 10 months out of the year. … Continued

  • Legislative Update For Week Ending March 18 2016

    Please join us in our efforts by signing our Social Security Fairness petition to Congress, or by calling your elected officials and asking them to support CPI-E legislation. .Millions of Seniors Are Losing Benefits .This week, The Senior Citizens League was pleased to see support grow for three key bills. … Continued

Initial Coverage Period: During this stage of coverage you pay a co-pay or co-insurance of 25% of the cost of covered drugs, and the plan pays 75%, up to a total of ,005 (beneficiary) and ,015 (plan). This includes any applicable deductible. Your plan's full retail drug cost, not your co-pay, is what counts toward entering the coverage gap. Your co-pays or True Out-of-Pocket costs (TrOOP) count toward exiting the coverage gap and qualifying for catastrophic coverage. .The ,400 stimulus checks will help millions of retirees to cope at a time when Social Security checks don't buy as much due to low COLAs while food and energy costs are climbing. The Senior Citizens League supports boosting Social Security benefits and tying the annual COLA to a consumer price index that more closely reflects the spending patterns of older Americans. To learn more and participate in surveys visit . .How the Coronavirus Pandemic Is Affecting the Finances of Older Households .We reported earlier this year that President Trump issued executive orders to lower prescription drug prices under Medicare by linking them to rates paid in other countries and allowing Americans to buy medication imported from Canada. .This higher starting benefit will mean higher cost-of-living adjustments (COLAs) in terms of dollars, and higher benefits for spouses and survivors that are based on your benefit. Over the course of a 25 year retirement, the extra money adds up to more income from Social Security, often in the tens of thousands of dollars depending on the age you retire. .(Washington, DC) – Older Americans are not to blame for an exploding federal budget deficit warns The Senior Citizens League. "Congress can't cut taxes by an estimated .7 trillion and then turn around and blame rising deficits on ‘entitlements' and aging," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League. .All costs cited include premiums and prescription out-of-pocket. .Because just one Senator can stall legislation through what is known as a filibuster, it takes 60 votes to pass any bill unless it is through a process called "reconciliation," which then requires only a simple majority of 51. .Senate Majority Leader Mitch McConnell (R- Ky.) came under attack for criticizing state aid and suggesting some declare bankruptcy. He subsequently said he would consider such relief but not to address problems pre-dating the coronavirus crisis. McConnell insists that the next bill must contain language limiting liability for businesses as the economy reopens.