2015 Legislative Update For Week Ending October 31 2015
In exchange, annuities pay you a monthly income for the rest of your life, an income that can last 20 or 30 years. There are joint and survivor type annuities that continue the monthly income to your spouse after your death, and you can also buy annuities that have a 3 percent annual cost-of-living adjustment. .Advocates who help retirees enroll in these programs say that, even if your income is slightly above the eligibility limits, you might still qualify because certain types of income and assets may not be counted. .Progress Report: Getting Congress On Board For Key Senior Issues … Continued
Legislative Update Week Ending March 13 2015
As prices increase, those who depend on Social Security benefits experience a decline in the buying power. In fact, according to my research, Social Security benefits have lost 30% of buying power over the past 20 years. For some retirees, that means a decline in their standard of living. .My Husband Had a stroke at 6Would He Qualify For Social Security Disability? .For progress updates or for more information about these and other bills that would strengthen the Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter. … Continued
What can you do? .Social Security Can Be Fixed Without Benefit Cuts .The following article is from "Kaiser Health News": .To stay updated on TSCL's legislative efforts and their progress in Congress, visit the Legislative News section of our website. You can also find us on Facebook or Twitter for more frequent legislative updates. .During the Great Recession and immediately afterwards, mature workers got a raw deal; it's time for Congress to give them a Better Deal. .(Washington, DC) – Seventy-eight percent of retirees think Congress should cap what Medicare beneficiaries must spend out-of-pocket on prescription drugs, according to new survey by The Senior Citizens League (TSCL). Unlike other types of insurance, Medicare Part D has no annual out-of-pocket maximum. This leaves the sickest retirees spending hundreds, or even thousands, of dollars in pharmacy costs for prescription medications every year. .TSCL Announces Support for New Legislation .Several unintended consequences have already resulted from the implementation of the new security policy. On Monday, customers of Verizon Wireless – the nation's largest wireless carrier – were unable to access their online accounts due to technical difficulties. In addition, those without access to text-enabled cellphones and those residing in areas with unreliable cellphone service found themselves locked out of their online accounts. ."Higher gasoline and transportation prices in particular are behind the high COLA estimate for 2022, because those expenditures are given greater weight or importance in the consumer price index (CPI) that's used to calculate the COLA. That works to the advantage of retired and disabled beneficiaries for the COLA payable in January of 202That has not been the case for many of the past 12 years when cheap gasoline, and other falling prices dragged down the COLA. Since 2010, COLAs have averaged just 1.4%. Inflation was so low that no COLA was payable at all in 2010, 2011, and 201In 2017 the COLA was almost zero, just 0.3 percentage point.