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  • Medicare Part D Will Cost Me More 2

    Sources: "What Medicaid Cuts Will Mean For Seniors," Gleckman, Kaiser Health News, May 18, 2011. ."Let's have some discussion about what the government would actually be measuring," Johnson says. "It would not be direct measurement of the growth in the costs of specific goods and services as is the case under the conventional CPI," she says. "Yet that's what most people think of when we talk about inflation," she says. According to the Congressional Budget Office, the chained CPI measures the amount of additional resources that an individual would need to maintain the same standard of living this year as last year. "That's not the same thing, especially for people dependent on fixed incomes," Johnson notes. .Sources: "Social Security Benefits Related to Unauthorized Work," SSA Office of the Inspector General, March 2003, A-03-03-2305"Illegal Immigrant Crackdown Looms," Nicole Gaouette, The Los Angeles Times, August 3, 200 … Continued

  • Legislative Update Week Ending May 26 2017

    This week, four new cosponsors signed on to the bipartisan Equal Treatment of Public Servants Act (H.R. 711), bringing the total up to 11The new cosponsors are Reps. Don Young (AK-1), Carlos Curbelo (FL-26), Brenda Lawrence (MI-14), and Erik Paulsen (MN-3). .On Wednesday, the Ways and Means Social Security Subcommittee met to discuss fraud, waste, and abuse within the Disability Insurance (DI) program. Subcommittee members heard from two expert witnesses – Sean Brune of the Social Security Administration (SSA) and Seto Bagdoyan of the Government Accountability Office (GAO) – on recent progress the administration has made in detecting and preventing fraud. .Back in February, U.S. District Judge Andrew Hanen of Texas temporarily halted President Obama's immigration orders that would have delayed the deportation of nearly 5 million illegal immigrants. The Obama administration promptly appealed that decision to the U.S. Court of Appeals for the 5th Circuit in New Orleans. … Continued

When support for correcting the Notch reached a head, Congress established a 12-member commission to study the Notch and issue a report. No member appointed to the Commission, however, was on record as supporting the correction of the Notch disparity. On the other hand, a number of members, including the chairman, were on record as opposing such action. The Commission issued its report on December 29, 1994, concluding that "benefits paid to those in the Notch years are equitable, and no remedial legislation is in order." .For more information about the Social Security Expansion Act (S. 427), visit the Bill Tracking section of our website. To sign a petition to Congress, click here. To stay updated on The Senior Citizens League's advocacy work on Capitol Hill, follow us on Twitter. ."Even though our new Congress may remain divided, these five areas of broad agreement could be potentially used as a legislative roadmap that would provide greater retirement security and reduce needlessly high Medicare costs," Johnson says. The Senior Citizens League is working for passage of legislation that would boost Social Security benefits, and supports efforts to lower Medicare costs. .Congressional support for a bi-partisan deficit reduction solution before the November 21st deadline is dwindling as each day passes. Republican co-chairman of the joint committee, Rep. Jen Hensarling (TX-5), expressed discontent with Democratic colleagues this week for rejecting the latest GOP offer. "I will give my Democratic colleagues credit for at least putting some reforms on the table, but frankly they do not solve the problem," Hensarling said. .Provide Social Security beneficiaries with an emergency COLA. Medical costs are on the rise, and many seniors are currently experiencing excessive prescription drug price increases of 1,000% or more. Those increases are not reflected in the COLA since it is based on the way young, urban workers spend their money, using the CPI-W. TSCL feels strongly that a modest one-time payment of 0 would give seniors much-needed relief next year. .Increase the taxable maximum wages. Raise the maximum wages upon which Social Security is paid, currently 6,800. .The announcement of the annual Social Security cost-of-living adjustment (COLA) for the following year is like watching Charlie Brown trying to kick a football. Charlie Brown, our beloved cartoon character by Charles Schultz, gets talked into kicking off a football by the diabolical Lucy. Just as Charlie runs up to the football. Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid Social Security recipients will receive an annual inflation boost of just 1.3% in 202The increase is so small, it's one of the lowest on record. The 2021 cost of living adjustment (COLA) will increase the average retiree ,523 benefit by about per month to ,54That increase is expected to be significantly offset,. An Emergency 2.5% COLA Could Add ,000 To Your Social Security Income Over the First Ten Years , editor .The value of my 401(k) fell in March of this year and still hasn't fully recovered. I turned 70 in April. Will I be forced to sell investments at a loss in order to withdraw the required minimum amount? .On Thursday, the House Ways and Means Social Security Subcommittee held a hearing to discuss the findings of the new 2018 Social Security Trustees Report. Those on the subcommittee heard from Stephen Goss, Chief Actuary at the Social Security Administration.