The Senior Citizens League would like to remind you that both Houses of Congress have adjourned for the August recess. The Senate is expected to be back in session on September 6th, while the House of Representatives will return on September 7th.."The Senior Citizens League strongly opposes this effort to overturn Americans' access to health care," Johnson asserts..TSCL continues working for enactment of The Notch Fairness Act, which has recently been reintroduced in both the House and Senate. Like an "old age boost" the legislation would provide Notch Babies born from 1917 through 1926 with a choice of ,000 payable in four annual installments of ,250 or an improved monthly benefit. To learn more about The Notch Fairness Act, click here..Prescription Drug Re-Importation Making safe, secure re-importation a reality..How the Pandemic is Affecting Retirement Savings as of December 31, 2020.Earlier this month, House lawmakers voted on a balanced budget amendment to the constitution that would have been disastrous for Social Security and Medicare beneficiaries if adopted. Did you support this drastic measure, and if so, why?.Indeed, the Social Security Administration does not "promise" a specific amount of benefits, but they do not promise to replace a specific percentage of pre-retirement earnings either. Both benefit amounts and "replacement rates" can change at any time if Congress and the Social Security Administration deem it necessary. Prior to the 1977 changes, the replacement rate was not a stable percentage. For people who retired under the 1972-73 flawed formula, replacement rates grew from 39% to a high of 54%. The new benefit formula led to a lower, more stable replacement rate of about 43%, as well as lower benefits..TSCL encourages its members and supporters to attend these events and to voice their concerns about important Social Security and Medicare issues like inadequate cost-of-living adjustments and skyrocketing prescription drug prices..I've read about proposals to "expand" Social Security that would provide somewhat higher benefits and a better cost-of-living adjustment. How can Social Security be expanded when the program is running out of money?

Medicare State Indicator Contracts

More people than ever face a lower standard of living in retirement, according to a growing number of troubling new studies. There are several reasons why this is occurring:.According to the findings of a new report released by The Senior Citizens League, Social Security benefits have lost 34 percent of their buying power over the past eighteen years due to growing costs and inadequate cost-of-living adjustments. For every 0 a retired household spent in 2000, the same household can only buy around worth of goods and services today..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. … Continued

Legislative Staff Coordinating Committee Directory Of Webinars For Legislative Staff

The bill caps the Part B premium increase for next year at the 2020 amount plus 25% of the difference between the 2020 amount and a preliminary amount for 202The preliminary amount would be calculated the same way that it would have been without the bill, but would prevent dramatic increases that may have occurred as a result of Medicare Part B premiums growing when the COLA is so low..Conferees Hit Budget Impasse.'Let the Crime Spree Begin': How Fraud Flourishes In Medicare's Drug Plan, Tracy Weber and Charles Ornstein, ProPublica, December 19, 201Listen to this story on NPR. … Continued

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