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The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.keep your job, or consider going back to work, even if you've already started.Petition to Congress in Support of Social Security Notch Reform.More than 5 million Social Security recipients with the lowest benefits are unlikely to see any net growth in their monthly checks after deduction of the Medicare Part B premium in 2019, according to a new analysis released by The Senior Citizens League. This will occur despite their receiving the highest cost-of-living adjustment in seven years. Those affected have a gross Social Security benefit of about 5 per month or less before deduction of the Part B premium. According to the analysis, the dollar amount of their Part B premium increase will be more than the dollar amount of their COLA. "This would make the fourth year in a row that this particular group has not seen a boost in their net Social Security benefits after the deduction for Medicare Part B premiums," says Mary Johnson, a Social Security and Medicare policy analyst for the League.\.Members of Congress may lose an election but unlike other Americans, they never lose their retirement and health benefits. A Member of the House or Senate who retires at age 60 after just 12 years in office will receive a Congressional pension of ,000 a year and lifetime benefits that could total more than 0,000.Notch Bulletin: How Long Have Notch Babies Been Underpaid? I was born during the Notch period. I would like to know how long Notch Babies have been underpaid. In addition could you tell me if the underpayment has been corrected and if we are receiving the right amount now? - M.R. Fort Cobb, OK.And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs..Johnson compiled a list of ten of the fastest-rising retiree costs based on Consumer Price Index data from October 2017 through October 2018..One important option to select is inflation protection. The cost of.Representative John Garamendi introduced H.R. 1553 on March 6, 201It has since been referred to the Committee on Ways and Means.