News
-
Legislative Update For Week Ending September 5 2014
Social Security Notch Reform – Working towards benefit equality for older Americans. .By Rick Delaney, Chairman of the Board .The average retired worker receives just ,500 year in Social Security benefits. … Continued
-
Tscl Makes Copy Of Totalization Agreement Available To Congress
Perhaps the single biggest difference between Ponzi schemes and Social Security is you and your vote. Voters have a tremendous influence in the choices that elected Members of Congress make to ensure that the program remains sound today and in the future. Social Security has been in continuous operation since 193Ponzi's scheme lasted barely 200 days. .This study looks at 39 expenditures that are typical for people age 65 and up, comparing the growth in the prices of these goods and services to the growth in the annual COLAs. Based on consumer price index data through April 2021, it appears that the next COLA will be considerably higher in 202The Senior Citizens League (TSCL) is forecasting that the 2022 COLA could be 4.7%, making it the highest since 200But with such a high level of inflation volatility, this estimate could change several times before the COLA is announced in October 2021. .My husband recently lost his job in a company re-organization. I was getting my healthcare benefits through his employer. He is 64 and I'm 6I'm still working, but coverage through my employer is much higher than we paid previously. Can you explain our options at this point? Neither one of us has started Social Security. … Continued
The House of Representatives has outlined specific reforms that maintain the current Medicare program for those aged 55 and older with no disruption and saves Medicare for future seniors by offering those beneficiaries a premium support program. Specifically for younger workers, when they reach eligibility, Medicare will provide a payment and a list of guaranteed coverage options – including a traditional fee-for-service option from which recipients can choose a plan that best suits their needs. These future Medicare beneficiaries will be able to choose a plan the same way members of Congress do. Medicare will also provide additional assistance for lower-income beneficiaries and those with greater health care needs. Our plan also stops the raid on Medicare trust fund that was going to pay for the Patient Protection and Affordable Care Act, allowing any current Medicare savings to go directly to saving Medicare and not creating open-ended health entitlements. .Lower prescription drug prices is one of our top priorities and we will continue to fight for them as long as it takes, and for whatever actions it takes to reduce them. .TSCL believes that beneficiaries need to maintain the freedom to choose their plan, their providers, and how they get their care. "We urge CMS and states to ensure a thorough beneficiary education process and have provisions that allow care with existing providers, especially during the transition," Hyland says. .Furthermore, this hurricane season is predicted to be a very bad one and money taken from FEMA for unemployment payments may be needed to deal with the destruction caused by the storms. What is more, the California fire season appears to be underway and federal funds are often used for relief efforts with those. .Second, one new cosponsor – Congressman Ro Khanna (CA-17) – signed on to the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1251), bringing the total up to fifty-two. If adopted, the CPI-E Act would base Social Security cost-of-living adjustments (COLAs) on the more fair and adequate CPI-E. Currently, COLAs are based on the Consumer Price Index for Urban Wage Earners (CPI-W), and they fail to keep pace with the inflation experienced by older Americans. .But it turns out the Democrats are not quite as united as that statement makes it sound. Ten members recently sent a letter to House Speaker Nancy Pelosi (D-Calif.) expressing concerns about the drug pricing legislation as written. .SGR Repeal Unlikely This Month .August Recess Continues for House Lawmakers .Homeowners: Are You Covered For The Next Disaster? Maybe Not
