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This, of course, keeps the costs of those drugs much higher than if a generic version were available..June 2006.We realize there is a severe lack of good news these days and we sometimes fear reporting on the issues of the day can have the effect of discouraging our supporters like you..Tax Reform Work Continues in House and Senate.The idea you propose is a good starting place for discussion though, and a great way to get people talking about how we can make Social Security COLAs fairer and more adequate for everyone!.Nearly twenty new initiatives were revealed at Monday's conference. In his speech, President Obama announced one that will encourage workers to save more for retirement by helping states create new workplace-based savings opportunities. Currently, around one-third of all employees do not have access to a workplace retirement plan. The initiative announced on Monday will "provide a clear path forward for states to create retirement savings programs" by the end of this year, President Obama said..In the months ahead, The Senior Citizens League will continue to advocate for these and other policy solutions that would strengthen and enhance Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter..Millions of seniors are scammed each year just like Mr. and Mrs. Shiman. In her opening statement, Chairman Susan Collins said: "According to the Government Accountability Office, America's seniors lose a staggering .9 billion a year to an ever-growing array of financial exploitation schemes and scams … Today we are putting criminals on notice that they will be stopped and they will be brought to justice.".Fifty-six percent of participants in a national survey by The Senior Citizens League say they pay taxes on their Social Security benefits. "The tax on Social Security income takes new retirees by surprise," says TSCL Chairman Ed Cates. "This is one retirement expense that must be carefully planned for. The government today taxes the Social Security benefits of a majority of older adults, even people with very modest middle incomes," he notes.

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We must work together to increase the support for this legislation that currently has over 200 cosponsors for the first time in years. Help me by calling your own member of Congress and asking them to cosponsor H.R. 141..In the weeks ahead, TSCL will continue to monitor the health reform discussions in the Senate and we will post updates here in the Legislative News section of our website. In the meantime, we encourage our members and supporters to contact those in the Senate who voted against the "skinny repeal" bill to express their gratitude. Senators Collins, Murkowski, and McCain took a stand against legislation that would have jeopardized the health and financial security of millions of older Americans, and TSCL appreciates their leadership on this important issue. For contact information, click HERE..The provision would ban earnings from jobs worked without legal authorization from being used to determine entitlement to Social Security benefits and for calculating the amount of initial benefits, legislation that TSCL and TSCL's grass roots members have long supported. TSCL's Legislative Assistant, Jessie Gibbons delivered a letter from Chairman, Larry Hyland, expressing TSCL's support for the amendment to Senators Hatch and Rubio. … Continued

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Rep. Allyson Schwartz introduced H.R. 574 on February 6, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means where it awaits further action..According to most projections the change would cut benefits by about 7% over 25 years for current beneficiaries. But that estimate doesn't include the full cost of the cut for new retirees. Baby Boomers who have not yet turned age 60 would be hit particularly hard because the COLA is used in the Social Security benefit formula to adjust average monthly earnings once a person turns 60. The adjustment is automatically applied even if people haven't yet filed a claim for benefits. The COLA adjustments along with a delayed benefit credit helps to boost initial benefits of people who delay benefits and work longer..These provisions are outdated and unfair to many seniors, and it's time to repeal them. Workers who paid into Social Security and their spouses should not be penalized and lose earned benefits for working in public service and the private sector. If you paid into Social Security, this is your money, not a government entitlement or subsidy. … Continued