In the House, Representative Kevin McCarthy will take over the top post House Minority Leader for Republicans next year. Representative Steve Scalise will become the Minority Whip, and Representative Liz Cheney will hold the position of House Republican Conference Chairwoman. House Democrats, who will take over the majority in the House next year, will hold their leadership elections on November 28th, following the Thanksgiving recess..Members of the House spent the week in their home districts, and are expected to return to Capitol Hill on Wednesday, May 30. Members of the Senate will recess next week for the Memorial Day holiday and will return on Monday, June 4..I am committed to working with both Democrats and Republicans to take common sense, reasonable steps to strengthen Medicare and make sure it is strong for both current and future seniors. These sensible reforms include implementing electronic medical records, improving coordination of healthcare services, and continuing efforts to eliminate waste, fraud and abuse from the system..TSCL is pleased that lawmakers in Congress are finally making progress on a solution that would give public servants the retirement security they have earned and deserve. The bill currently has more than sixty cosponsors, with support on both sides of the aisle. Following the hearing, TSCL sent a letter to the subcommittee in support of it. In the months ahead, we will encourage lawmakers to sign on to the Equal Treatment of Public Servants Act as cosponsors, and we hope to see it signed into law before the end of this year..Boosting benefits across-the-board by approximately 2% for all Social Security recipients;.Last year, the Social Security Trust Fund fell into deficit, paying out more than received in revenues for the first time since 198The new incoming Congress will undoubtedly consider long-term proposals that would cut Social Security benefits. But at the same time, Totalization with Mexico would add potentially millions of new beneficiaries to the rolls - beneficiaries whose checks are based, at least in part, on illegal work..doctor decide if you qualify or one that requires that a person be unable to perform two activities of daily living. Some require more. Look for coverage.H.R. 2787, CPI for Seniors Act If adopted, H.R. 2787 would mandate the monthly formulation and publication of a consumer price index specifically for senior citizens for the purpose of establishing an accurate Social Security COLA for beneficiaries..This week, The Senior Citizens League released its annual "Loss of Buying Power" study, which found that Social Security benefits have lost 34 percent of their purchasing power since 2000. In addition, lawmakers in the House and Senate left Washington for the holiday recess.

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But she worries how she will manage another year with no net increase in her benefits. "This isn't right," she says. "Congress isn't looking out for the interests of seniors," she adds. "I'm going farther and farther into poverty.".When it comes to the future of Social Security, we have a choice: we can tell our children and grandchildren that their Social Security benefits won't be there for them because of a regressive tax that benefits the wealthy. Or, we can do what's right to make sure America's seniors and disabled citizens don't fear living in poverty. Our country is stronger when everyone can be financially independent and living with dignity, thanks to a program they paid into..Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up. … Continued

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Without legislation to remedy this flaw in the benefit formula, the reduction to the Social Security retirement benefits of these 4 million people would be permanent. Assuming that benefits would be reduced by 9.1%, a calculation for TSCL indicates that a 62 - year old with middle-earnings who retired in 2020 would typically expect a benefit of ,565 at full retirement age, but now would only receive ,423 instead. Over the course of a 25-year retirement, or by the time these individuals reach 87, the total loss of retirement income from expected Social Security benefits would be more than ,000..lucky enough to be in the middle of the fall Part D Open Enrollment period,.Borrowing money to fund Social Security and Medicare benefits would not be possible unless that option could win the support of three-fifths of both the House and Senate. … Continued

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