News

  • Category Issues Cola Bills Feed

    TSCL has been successful in gaining co-sponsors for legislation to address Notch reform. The Notch Fairness Act, introduced in House and Senate by Representative Mike McIntyre (NC-17) and Senator David Vitter (LA) would provide Notch Babies born 1917 through 1926 their choice of ,000 paid in four annual installments, or an improved monthly benefit. As of June 30, seventeen Members of Congress had signed on as co-sponsors. One new cosponsor said he was signing on to The Notch Fairness Act in honor of his father a Notch baby who recently passed away. .In April, lawmakers on the Republican Study Committee proposed a budget blueprint that would have reformed the Medicare program and cut Social Security benefits by adopting the "chained" CPI, eliminating the COLA for some seniors, and raising the eligibility age. Did you support this budget blueprint, and if so, why? .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. … Continued

  • Legislative Update Week Ending March 3 2017

    As TSCL supporters well know, Congress has not been able to accomplish significant legislative reform to the convoluted drug pricing system even though anger about high drug prices has been rising for a long time. .TSCL believes COLAs need to be more fairly and accurately calculated, and strongly supports recently introduced legislation that would provide an emergency COLA. To learn more, visit . .Alexandria, V An overwhelming majority of seniors oppose two Medicare changes that are among the most widely - discussed reforms in Congress, according to a new survey by The Senior Citizens League (TSCL). Eighty-one percent of seniors strongly oppose a proposal that would impose a significantly higher annual deductible while restricting supplemental Medigap plans from covering the cost. Only 1 percent of those responding favored the idea. Seventy - four percent also strongly oppose replacing Medicare with a premium support system of private health plans, and giving beneficiaries a premium subsidy or voucher to shop for a new health plan. Just 5 percent said they favored this idea. "Both plans shift costs to seniors, something the vast majority can ill afford," says TSCL Chairman Ed Cates. … Continued

The study examined the increase in costs of 40 key items between 2000 and January 2020. The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures, like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 40 items analyzed, 26 exceeded the COLA over the same period while 14 were lower than the COLA. .In recent years, conversations about Social Security reform focused on the need to save funds by cutting benefits. While some lawmakers on Capitol Hill still favor an increase in the retirement age and a reduction in cost-of-living adjustments (COLAs), others have shifted the debate towards a growing retiree savings "crisis" and calling for expanding benefits instead. Three bills in particular would strengthen and modernize the Social Security program while making benefits more generous for all recipients, but especially for those who rely on them the most. These bills have won the support of many in Washington – including The Senior Citizens League: .Immigration Reform .TSCL believes that the current WEP unfairly reduces the benefits of public servants, and we are pleased that support on Capitol Hill has continued to grow for the Public Servant Retirement Protection Act. .While President Trump has long called for reducing the prices of prescription drugs, his administration took action this week that will likely raise the costs for some seniors. .The 2100 Act, if signed into law, would increase Social Security benefits by 2 percent, cut taxes for over 11 million seniors, increase the minimum benefit to 125 percent of the poverty line, and make COLAs more fair and accurate. It would also take measures to increase the solvency of the trust fund beyond the next seventy-five years, through the year 2100. .With a majority of seniors today depending on Social Security for at least half of their income over a 20 to 30 years retirement, TSCL opposes proposals that would cut the benefits of current retirees and those nearing retirement. We are continuing to monitor this proposal and waiting to see what legislation may develop. While TSCL believes that changes are needed to ensure that Social Security continues pay scheduled benefits, changes must be kept as small as possible, and phased in over as long a period as possible to allow for future retirees to learn about and adjust their plans. .Alexandria, VA (October 24, 2011) In January, for the first time in two years, Social Security recipients will get a sorely-needed cost-of-living adjustment (COLA). Benefits will rise 3.6% in 2012, following a surge in inflation that occurred even while seniors had no annual increase to help meet rapidly rising prices. Stagnant COLAs may soon be a fact of life for beneficiaries - a change that would also lower lifetime Social Security benefits, especially for Baby Boomers, warns The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. .That said, the SSDI program paid .2 billion in benefits to ineligible people in FY2012 according to the Social Security Administration's Office of the Inspector General. And skyrocketing enrollment is putting added financial strains on the program. Both the Social Security Trustees and the Congressional Budget Office have recently forecast that the SSDI trust fund will become fully depleted in three years. When that occurs, program revenues will only be sufficient to pay about 80% of benefits. Unless Congress takes action, severely disabled beneficiaries would face benefit cuts of 20%.