News
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Millions Of Oldest And Poorest Senior Citizens Would Receive Compensation Under New Legislation
The new cosponsors of the Social Security Fairness Act are as follows: Congressman Patrick Meehan (PA-7), Congressman Luke Messer (IN-6), Congresswoman Eleanor Holmes Norton (DC), Congressman Danny Davis (IL-7), Congressman Ben Ray Lujan (NM-3), Congressman Dan Kildee (MI-5), Congresswoman Brenda Lawrence (MI-14), Congressman Juan Vargas (CA-51), Congressman Lee Zeldin (NY-1), and Congressman Tim O'Halleran (AZ-1). .In addition, one new cosponsor – Rep. Zoe Lofgren (CA-19) – signed on to the Strengthening Social Security Act (H.R. 3118). The cosponsor total is now up to thirty-eight. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the CPI-E, resulting in more accurate COLAs; and it would lift the cap on income subject to the payroll tax. H.R. 3118 would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .For updates on the progress of S. Con. Res. 3, visit the Legislative News section of our website, or follow TSCL on Facebook and Twitter. To view TSCL's full legislative agenda for the 115th Congress, click HERE. … Continued
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Benefit Bulletin February 2021
Johnson says that the federal government is looking at the wrong market basket to determine the annual change in prices in the goods and services used by retired and disabled Americans. According to Johnson, had the government used a more appropriate inflation index that measures costs experienced by people age 62 and older, the Consumer Price Index for the Elderly (CPI-E), retirees would get a COLA of 2.1 percent instead of 0.3 percent in 201"But instead, the COLA is based on the increased price of goods normally purchased by younger working adults," she notes. .The costs of custodial care pose a big challenge for Alzheimer's patients and their families. According to a survey of long term care costs by Genworth Financial, Inc., a semi-private room in a nursing home can cost ,148 a month, or ,750 per month in an assisted living facility. Even a home health care aide costs per hour. Many families work to put together a caregiving network with family, friends, churches and community services in the early stages of Alzheimer's treatment. .Debt among older Americans is rising and affecting a growing number of retirees. According to the Survey of Consumer Finances, the percentage of households with debt headed by an adult age 65 and older increased from 41.5% in 1992, to 60% in 201Medical debt poses the biggest challenge over the course of a retirement. … Continued
The Senior Citizens League can be reached via e-mail at comments@ or you can reach us by telephone at 800-333-TSCL (8725). Our 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 consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. .Last fall, the Government Accountability Office uncovered .3 billion in improper payments from December 2010 to January 2013 made to people who had jobs when they were supposed to be unable to work. To be eligible for Social Security disability, beneficiaries must be unable to work due to a medical condition that's expected to last at least one year, or result in death. The list, however, includes murky afflictions like back pain, depression and other un-measurable afflictions, opening the system to fraud and abuse. .Some Members of Congress are calling for Congress to strike a deficit reduction deal of their own. Although gridlock may occur and would hardly be surprising, TSCL remains adamantly opposed to a key proposal that would change the cost-of-living adjustment (COLA) calculation. The proposal, which would affect not only future retirees but ALL retirees, would switch to a more slowly-growing consumer price index known as the "chained" CPI to calculate the annual COLA. This proposal that would reduce the lifetime Social Security income of seniors by potentially tens of thousands of dollars is one of the few areas of agreement between both Democrat and Republican negotiators. TSCL also strongly opposes proposals that would increase what seniors have to pay for the Medicare benefits. .Prevention of Fraud, Waste, and Abuse – Eliminating inefficiencies within Social Security and Medicare. .According to Medicare, no single organization was behind the 35 people charged in the genetic testing scam, which included 9 doctors. All of this comes at a time when Medicare and Medicare Advantage are expanding the use of telemedicine, which allows doctors and nurses to connect with patients over the internet or by cell phone for consultations and to check symptoms remotely. .That was the second ruling in a week to delay the policy. A federal judge in Maryland had ordered on Dec. 23 that the rule, which was slated to take effect Jan. 1, be paused for two weeks. .One new cosponsor – Rep. Kay Granger (TX-12) – signed on to Rep. Kevin Brady's (TX-8) Public Servant Retirement Protection Act (H.R. 2797) this week. The cosponsor total is now at seven. .TSCL enthusiastically supports H.R. 1030, H.R. 3118, and H.R. 1795, and we were pleased to see support grow for them this week. .Five Key Bills Gain Support
