Primary RunoffsWithout 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..During our slow, arduous economic recovery that followed the financial crisis and recession of 2008 and 2009, many government programs, Social Security in particular, were stretched to the limit. A number that made headlines last year was the Social Security Trustees' estimate that the Social Security trust funds would run a billion cash deficit in 20Most of the time when the Social Security trust fund is referred to, we mean two trust funds - the old-age and survivor's insurance trust fund, that pays retirement and widows benefits, and the disability insurance trust fund..Our legislative team will keep a close eye on the legislation as it is implemented in the coming months, and we will continue to advocate for policies that would reduce health care costs for Medicare beneficiaries. For updates on our progress, visit the Legislative News section of our website, or follow our new page on Facebook. … Continued
Newsroom Cambridge Medical Center S Expanded Mental Health And Addiction Services Receives State LicenseIn today's environment, working together - whether that's across the aisle, across the country, or across generations - is the only way to keep our communities safe. That spirit and attitude is what America is all about, in the greatest country in the world, and that's thanks, in no small part, to the many accomplishments of our seniors..To be best prepared, jot down some questions for which you would like answers. Below are six sample questions feel free to take them with you and share them with others at your next town hall..table-2 … Continued
