"How Republicans' Brilliant Budget Tactic Backfired," Eric Pianin, The Fiscal Times, May 28, 2013..Two Bills Gain Cosponsors.Tell us what you think! It's time for the TSCL's 2019 Senior Survey. This is your opportunity to let us know what you think about major proposals affecting your benefits. Tell us how rising costs are affecting you. The answers to these questions help us inform journalists, the public, and Members of Congress on how older Americans are faring in retirement today. Your participation is helping to change the national dialogue on the adequacy of Social Security benefits, and throwing a spotlight on the growing problem of the ability of COLAs to maintain the buying power of your benefits..This week, sixteen new cosponsors signed on to H.CON.RES. 72, which expresses the sense of Congress that Social Security and Medicare should be protected from benefit cuts by the Joint Select Committee on Deficit Reduction. This cosponsor surge brings the total up to 28..But then I think, since I can run down to the post-box when I take out the trash, I may as well pay the bills first..Bipartisan legislation before the House and Senate would repeal the Windfall Elimination Provision and the Government Pension Offset benefit reductions so that millions of retired teachers and police officers receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act when you return to Washington?.Under growing pressure to reduce the federal deficit, the prospect of major Social Security and Medicare cuts is the greatest it's been in almost three decades. The recent debt limit deal calls for a bipartisan committee that has until Thanksgiving to come up with a plan to cut the deficit by .2 trillion. TSCL believes that the committee would very likely include a change to a more slowly growing consumer price index that would cut annual-cost-of-living adjustments. There are also proposals that would require seniors to pay a bigger portion of their Medicare costs.."Immigration Bill Splitting House G.O.P.," Jonathan Weisman and Ashley Parker, The Washington Post, April 4, 2014..Can You Still Fund A Retirement Account Once You Retire?

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a modest boost in benefits,.When all else fails - appeal. If you disagree with a coverage or payment decision by Medicare or your health plan, you can appeal. Learn how here..Benefits are based on lifetime earnings. To be qualified for retirement benefits, workers need about 10 years of earnings. The earnings are indexed to account for changes in average wages since the year the earnings were received. Then SSA calculates the average indexed monthly earnings using the 35 years of highest earnings. A formula is applied to this amount to arrive at the basic benefit. … Continued

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The study examined the increase in costs of 39 key items between 2000 and January 201The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 39 items analyzed, 25 exceeded the percentage of increase in the COLA over the same period. "This study illustrates why legislation is needed to provide a more fair and adequate COLA," Johnson says. "To put it in perspective, the same 0 worth of groceries that a retiree household could buy in 2000, can only buy worth today," Johnson adds..New Concern About Cuts to Medicare.The 2018 findings represent a substantial 4 percent loss in Social Security benefit buying power from January 2017 through January 201The loss deepened from 30 percent in 2017 to 34 percent in 201Of the thirty-nine costs analyzed in the study, twenty-six exceeded the percentage increase in the COLA over the 2000 to 2018 period. … Continued

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