Nationwide, nearly 1.5 million people are affected by the WEP, meaning that those who receive a public pension from a job, and are not covered by Social Security, see their benefits reduced. For example, a teacher who spends summers working a second job, or a first responder who leaves the force after years of service, but is not yet ready to retire, can see his or her benefits reduced by up to 40 percent..In 2017, you are allowed to earn ,880 or in the months prior to full retirement age without any reduction to your benefits. If you earn more than that, Social Security will withhold in benefits for every over that amount..The reception by the Members of Congress was phenomenal. Meetings were held with Rep. David Davis, Rep. Ed Perlmutter, Rep. Doug Lamborn, Rep. John Sarbanes, Rep. Dan Boren, and Rep. Bruce Braley..Based on your current age, your full retirement age is 6That's the age when you can retire and receive the full, unreduced amount of your benefits. If you start benefits at age 64 your benefit will be reduced 20%. For example if you are eligible for ,200 at age 66 you would only receive 0 per month at age 64..Medicare and other health insurance premiums, including Medigap supplements, Part D or Medicare Advantage plans, and long term care insurance, as long as an employer did not pay the premiums..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, Members of the Senate voted to confirm Sylvia Mathews Burwell as the next Secretary of the Department of Health and Human Services. In addition, The Senior Citizens League saw two key bills gain support..Congress recently took action to head off a looming 19% cut in Social Security disability benefits received by nearly 10.8 million disabled adults and their dependents. The Social Security Disability Insurance trust fund was projected to run low of funds by the end of 2016, but changes contained in the recent debt limit budget deal include a number of provisions to strengthen program financing. Many of them had the support of TSCL..Quite likely. Age 62 is simple to remember because it's the same for everyone. But figuring out your full retirement age is hard because it differs for every one. It must be looked up online, or you must call the Social Security Administration to confirm it. Only one-out-of three people even know their full retirement age. But your full retirement age, whether it's 66, 66 plus 4 months, or 67, and the amount you can expect at that age, still doesn't get you your maximum benefit! Only half of all retirees even know that waiting until age 70 to claim retirement benefits gets you the maximum amount that you qualify for.
