News
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Legislative Update For Week Ending February 28 2014
Did your husband work in 2020? If his earnings averaged more than ,260 per month, he generally would not be considered disabled. .New cosponsors sign on to Social Security Fairness Act .For each visitor to our website, The Senior Citizens League collects only the domain name and aggregate information on what pages are visited. This information is used to help improve the content and ease of use of our website. … Continued
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Legislative Update Week Ending October 7 2016
On Thursday, The Senior Citizens League estimated that Social Security beneficiaries will receive a 2.8 percent cost-of-living adjustment (COLA) in 2019, based on consumer price index (CPI) data through August. The official 2019 Social Security COLA will be announced next week – on Thursday, October 11th – following the release of the September CPI data. .Despite progress on the bill's movement in the House this week, the AHCA appears to have a tough road ahead. TSCL will be keeping a close eye on it in the days and weeks ahead since its passage would negatively impact the health and financial stability of older Americans. For updates, follow TSCL on Twitter, or visit the Legislative News section of our website. In addition, we encourage our members and supporters to call their representatives in Congress to request their opposition to the AHCA. Contact information can be found HERE. .Actuaries aren't in agreement over how many more years of solvency Social Security has left. The 2018 Social Security Trustees Report estimates that the Social Security Trust Fund will become insolvent in 2034, about 15 years from now. The more pessimistic Congressional Budget Office (CBO) estimates the depletion date would be two years sooner in 2032, only 13 years away. If Congress does nothing, and allows the Social Security Trust Fund to become insolvent, the program could still pay benefits, but benefits would be cut to coincide with the amount of revenue received — by about 25%. … Continued
(Washington, DC) –Today's announcement of a 0.3 percent cost - of - living adjustment (COLA) is another major disappointment to the 60 million people who depend on Social Security, says The Senior Citizens League (TSCL.) "The consumer price index (CPI) that the government uses to determine the annual COLA is simply not doing the job of protecting the buying power of older and disabled Americans," says Mary Johnson, TSCL's Social Security policy analyst. .House Passes Prescription Drug Legislation .Wages were lower than expected and initial retirement benefits for Notch Babies were calculated on lower average earnings. Thus, benefits were lower than anticipated. In addition, inflation grew at double-digit rates over the same period, yet the new benefit formula failed to fully account for inflation for many Notch Babies, especially those who delayed their retirements (5). .The WEP affects people who worked for a state or local government employer that did not withhold Social Security taxes from salary. When you claim the pension for your work as a police officer, the WEP can reduce your Social Security benefit by as much as half of the amount of your pension. .Can You Live On Social Security Alone? .It's true that public opinion can sway votes in Congress, especially during a critical election year like this one. TSCL strongly believes that grassroots lobbying is the most effective way for the public to communicate with elected Members of Congress. Our members spoke loudly and clearly when they signed more than 1.5 million petitions, and many Congressional offices met our deliveries with surprise and gratitude. We look forward to partnering with many of those offices in the future to ensure that Congress lives up to the commitments it has made to seniors. ."To put it in perspective, for every 0 worth of groceries a retiree could afford in 2000, they can only buy worth today," Johnson notes. To help protect the buying power of benefits, The Senior Citizens League supports legislation that would provide a modest boost in benefits and base COLAs on the Consumer Price Index for the Elderly (CPI-E) or guarantee a COLA no lower than 3 percent. In addition The League has recently launched a campaign for a ,400 stimulus check to help Americans struggling to cope with high inflation. To learn more about these initiatives, visit . .A government shutdown occurs when Congress fails to pass the appropriations bills that allow agencies to operate. As a result, federal workers and government contractors temporarily don't get paid until after the shutdown has ended. But hitting the debt limit would have far more reaching effects. The debt limit is the legal limit on the total amount of debt the federal government may take on. That limit is especially important to older Americans because the federal government has used trillions in excess payroll tax revenues from the Social Security and Medicare Trust Funds in the past, and now must borrow in order to pay Social Security and Medicare benefits in full and on time. .Your mail order pharmacy may require that your doctor fax the prescription and you will also mail in the original as well as other required forms, your check, or credit or debit card information. Be sure to find out when medications requiring refrigeration are shipped so you can be expecting them. In general, you can order refills after 60 days or so.