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  • Retiree Expenses 119 Month Cola Less 45 Month

    The 30 percent of beneficiaries who are not protected by hold harmless include: .Senate Minority Leader Harry Reid (NV) told reporters on Wednesday, "The CR is not done; it's a work in progress … This isn't going to be wrapped up in the next couple hours, that's for sure." In addition, Senator John Thune (SD) said, "I think [Majority Leader McConnell's] goal all along has been to try and get something considered by the end of this week, to try and wrap things up. But I'll just tell you, my own view is that, based on past experience, I don't think we'll get there this week. I think this probably spills into next week." .Sources: Options For Reducing The Deficit: 2014 to 2023, Congressional Budget Office, November 2013. … Continued

  • The Three Fastest Growing Senior Costs

    The sharp plunge was the result of changes that Congress made in 1977 to a. Could Your Benefits Be Notched? The Notch Fairness Act Introduced in the House and Senate .Sources: "Policy Brief: The Evolution of Social Security's Taxable Maximum," Social Security Administration, September 2011, No.2011-02. .Source: Fiscal Year 2010 Inspector General Statement, Social Security Administration Office of the Inspector General, November 2010. … Continued

The measure has bipartisan backing in the Senate, as well as support from some moderate House Democrats. However, it is facing opposition from House leaders who say the legislation is a roundabout way to cut Social Security benefits. .In the months ahead, The Senior Citizens League will continue to work for enactment of this and other legislation that would strengthen and enhance Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter and Facebook. .Insurance for Old Age: Are Annuities A Good Idea? .I turn 65 later this year and I'm in good health. How much will Medicare premiums cost, and what other costs will I have? I do not get health insurance where I work. .At Thursday's hearing, Mr. Mathur updated the subcommittee members on the progress the administration is making to modernize the program's information technology. The administration is in the process of implementing a five-year plan that will result in improved service, stronger cyber security, and lower operating costs. Mr. Mathur reported that SSA's IT modernization efforts are currently on schedule and on budget, and that the outdated system should be fully replaced by 2022. .Surveys by The Senior Citizens League find that older voters are strongly opposed to proposals that would cut benefits. For example, 73 percent support raising the amount of wages subject to Social Security payroll taxes by applying the full 12.4% payroll tax to wages above the taxable maximum —8,700 in 201Currently the highest earners — some 18 percent of all workers, pay no Social Security taxes on wages over the 8,700 maximum — that includes Members of Congress who receive an annual salary 4,000. Surveys have also found 90 percent strongly support allowing Medicare to negotiate drug costs. .Medicare Reform – Protect beneficiaries from changes that would impose greater out-of-pocket costs on beneficiaries. .Radical Medicare Overhaul Proposal In Senate .Third, one new cosponsor – Senator Kamala Harris (CA) – signed on to the Affordable and Safe Prescription Drug Importation Act (S. 469) this week, bringing the total up to twenty-two. If adopted, S. 469 would reduce prescription drug prices by allowing individuals, pharmacies, and wholesale distributors to safely import prescription drugs from abroad, where they are often much cheaper.