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Notch Legislation Introduced In The 110th Congress Feed
In the meantime, many Members of Congress will be attending local events and hosting town hall meetings in their home states and districts. The Senior Citizens League (TSCL) encourages its members and supporters to attend these events and to ask questions about their Social Security and Medicare benefits, such as the following … .Protecting Medicare for current beneficiaries and saving it for future generations is one of my most important responsibilities as a Member of Congress. It is no secret that demographic and economic factors will not allow us to continue the program unaltered. There are 10,000 baby boomers retiring every day, and when these programs were first enacted there were more than 40 workers for every 1 retiree. Today, that number is below 3 workers per retiree and headed towards 2 to Health care costs continue to rise much faster than inflation. In order to ensure the solvency of a program that senior citizens have come to rely on, changes must be made. The days of doing nothing, burying our heads in the sand, and pretending the status quo is sustainable are over. .Their bill would address the administrative funding challenges that the Social Security Administration has been facing for several years. Since 2010, the Social Security Administration's budget has declined by 9 percent, resulting in a loss of 10,000 employees and the closure of more than 10 percent of all field offices nationwide. At the same time, the number of Social Security beneficiaries has increased dramatically by 15 percent since 2010. … Continued
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Congressional Corner By Representative Nick Rahall Wva
COLAs are intended to protect the buying power of Social Security benefits against rising inflation. A new study recently released by TSCL found, however, that the CPI used to calculate COLAs today only does an anemic job of protecting benefits as it is. Since 2000, the COLA has increased just 31 percent, while typical seniors' expenses jumped 73 percent, more than twice as fast. .Even Republicans who support changing the regulations are opposed to putting it in the NDAA and they may support an effort to pass it and try to override the President's veto, which would be the first of his presidency. .Second, one new cosponsor – Representative Sean Patrick Maloney (NY-18) – signed on to the Improving Access to Affordable Prescription Drugs Act (H.R. 1776). The cosponsor total is now up to twenty-three. If adopted, this comprehensive bill would require the federal government to negotiate lower Medicare Part D prices, allow the importation of prescription drugs from Canada, and cap monthly prescription drug expenses at 0, among other things. … Continued
Because the economic fluctuations were highly unusual and unforeseen, logic dictates that Congress could not have intended the benefits that Notch Babies actually received. The disparities in benefits under the actual conditions of double-digit inflation are illustrated in the following chart, which was not developed until 199Even if Congress had developed this chart in 1977, however, they would have seen benefit differences of only 10%-14% shown on the left-hand side of the chart. Instead, the effects of inflation are reflected by benefit differences of 13% to 30% shown on the right. In effect, the actual benefit reductions for many retirees were more than double what original projections would have been at the time. .Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the payroll tax cap, people earning more than 8,400 contribute nothing over that amount. Eliminating the payroll tax cap would extend the solvency of the program responsibly, without cutting benefits for seniors. Do you agree? .The Senior Citizens League enthusiastically supports the Protecting and Preserving Social Security Act and the Social Security Fairness Act, and we were pleased to see them gain new cosponsors this week. In the months ahead, we will continue to advocate for their passage on Capitol Hill. For progress updates, visit the Bill Tracking section of our website. .Important work is also being done on the federal, state, and local levels to build awareness and advance medical research. As part of the bipartisan Congressional Task Force on Alzheimer's, my colleagues and I have been working to address the growth of Alzheimer's. One piece of legislation that I am pushing is the Alzheimer's Accountability Act, which would increase coordination between the National Institute of Health, Congress, and the White House regarding the resources necessary to help treat Alzheimer's. Another bill, the Health Outcomes, Planning, and Education (HOPE) for Alzheimer's Act would help improve early diagnosing of Alzheimer's and strengthen support services for patients and their families. .When asked whether the waiting periods for disability and Medicare benefits should be eliminated, 67% of TSCL's poll participants support eliminating the waiting periods for both Social Security and Medicare. Only 18% supported keeping both waiting periods, 9% supported eliminating the 2-year wait for Medicare alone, and 5% supported eliminating the 5-month wait for Social Security alone. .Second, four new cosponsors – Senator Richard Blumenthal (CT), Senator Roy Blunt (MO), Representative Bill Posey (FL-8), and Representative Maxine Waters (CA-43) – signed on to the CHANGE Act (S. 2387, H.R. 4957), bringing the total up to ten in the Senate and twenty-four in the House. If adopted, the CHANGE Act would promote early identification of Alzheimer's disease, improve support for family caregivers, and provide continuous care for those battling many forms of dementia. .TSCL is hopeful that Congress will pass these commonsense solutions as soon as possible to restore the solvency of the Social Security and Medicare programs. For more information on legislation that would strengthen these programs, visit the Bill Tracking section of our website. .She had a very tempting decision. If she "opted out" and decided not to take supplemental coverage through her former employer, she could join a new Medicare Advantage plan and pay For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter. .Create a family documentary. Create a family scrap-book with old photos and memorabilia. If you have access to a computer and scanner or a friend with one, scan old photos for a digital family scrapbook you can share online. If a family member is good with making videos, consider doing a mini-documentary. Think of the questions you have about your ancestors and ask yourself the same. Like how you and your spouse met, how your family coped during a particularly hard time, or document a skill or craft that you love. This is also a good way to teach cooking your favorite family foods! Upload the video to YouTube to share with your family and send a link in a holiday email. .If the threshold is raised, many seniors who have saved for their entire lives and have carefully planned for retirement will suddenly be faced with hundreds of dollars in extra taxes—on top of the out-of-pocket medical costs they already pay. That's simply unacceptable. .Most working Americans contribute 6.2 percent of every paycheck to Social Security, but due to the payroll tax cap, people earning more than 7,200 contribute nothing over that amount. Do you support legislation like the newly-introduced Social Security 2100 Act (H.R. 1902), which would extend the solvency of the program by requiring millionaires and billionaires to pay their fair share? .When shopping for an immediate fixed annuity you need to look for how much monthly income your investment will buy, and the safety of your insurance company. Here are some points to consider from Steve Vernon, a retired consulting actuary, and author of Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck. .Prior to being elected to Congress in 2010, I spent the past 15 years as a practicing cardiothoracic surgeon. As a physician, I always put patients first. Now, as a Congressman, I maintain that same philosophy. Some of the most important decisions in your life regard your health and well-being. I know from firsthand experience that those decisions should be left up to you, your family, and your doctor. .Voting this way is a temporary answer to reduce health concerns raised by dozens of lawmakers. Several lawmakers have disease and dozens of others placed themselves in self-quarantine after exposure to someone who was infected. The sister of California Representative Maxine Waters (D-Calif.) died because of an infection. .d 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. .This situation is only for 30 months though. Once you turn age 66 you can earn as much as you want without reduction to your Social Security benefits. Meanwhile you continue to work and delay your retirement benefit allowing it to grow. Once you reach age 70 you should go ahead and switch to your own larger retirement benefit, since it won't grow any larger. premiums for her hospitalization, doctors' and outpatient coverage. In addition, the plan also offered hearing, vision, dental and Part D drug coverage. .Senate Drug-pricing Bill to get Renewed Push