News

  • October 2012 The Wall Street Journal

    Under this bill, beneficiaries would get about more a month and the Consumer Price Index for the Elderly, or CPI-E, would be used to more accurately measure inflation to ensure Social Security benefits keep up with the rise in costs for food, rent and medicine. .You should still take steps to protect yourself and others in many situations, like wearing a mask, staying at least 6 feet apart from others, and avoiding crowds and poorly ventilated spaces. Take these precautions whenever you are: .SSA Implements New Security Policy … Continued

  • Legislative Update For Week Ending August 2 2019

    Let your Representative know what you think! Ask him or her to co-sponsor, H.R. 2745, the No Social Security for Illegal Immigrants Act. Send an email here. .1977 Changes Fixed An Earlier Flaw In The Benefit Formula .The lack of growth in Social Security benefits is eroding the buying power of more than 60 million people who depend on Social Security. There was no annual boost again this year. But according to a recent TSCL survey of more than 1,100 people age 62 and over, retiree household expenses continued to climb. Some 72 percent of survey respondents reported their monthly expenses grew by more than in 2015. … Continued

Six Steps to Getting Six Month's Worth of Prescriptions for the Cost of Two. Get more mileage out of your drug coverage using these tried and true methods. They'll be lifesavers for you just like the thousands of seniors who have tried them. Editors, a full article with permission to reprint is available. .Sen. Mazie Hirono (HI) introduced S. 960 on April 15, 201It has since been referred to the Committee on Finance. .The average CEO in the sample would pay enough Social Security revenues to cover the entire benefit of 45 retirees with an average benefit of ,800 for a year, or, boost the COLA of 22,428 retirees with average benefits in the first year. .Get quotes from 5 to 10 highly-rated insurance companies. Make sure you are getting apples–to–apples comparisons for the same type of annuity. .For example, the CMF report offers suggestions on how House member offices can most effectively absorb additional cuts. Most notably, these include salary freezes, a potential shift to increased e-mail use over traditional mail, and limited travel expenses to district functions. .TSCL Announces Support for PRIME Act .TSCL acknowledges the fact that changes to programs like Social Security and Medicare will be necessary in the coming years, and we agree that changes should be made sooner rather than later to protect seniors from harsh benefit cuts. Our surveys show that seniors favor Social Security reform options that would require wealthier Americans to pay taxes on all of their earnings, and Medicare reform options that would better coordinate care and prioritize the prevention of fraud, waste, and abuse. .If the COLA were calculated using the methodology used in 1990, this year's COLA would not be 1.7 percent – it would be 5.2 percent. And if the COLA were calculated using the 1980 methodology, this year's COLA would be 9.4 percent. As a result of the CPI's manipulation over the past three decades, Social Security beneficiaries have lost over 20 percent of their purchasing power, according to our research. Next year's projected zero COLA will put them even further behind. .In the coming weeks, TSCL will continue to monitor the "myRA" and immigration reform issues that President Obama spoke about on Tuesday evening. We will provide updates here in the Legislative News section of our website as more details become available.