That said, logic says we may be in for some pretty big swings in the prices of certain items - such as gasoline. Especially troubling for everyone are steep increases in the cost of meats, poultry, processed fish and seafood, milk, fruits and vegetables. We are spending a lot more than usual trying to maintain a nutritious diet, and this has been going on for months..The age at which individuals become eligible for full, un-reduced Social Security benefits is rising. Your full retirement age is based on the year when you were born and, for people born in 1960 and later, the full retirement age is 6The earliest age at which you can claim a retirement benefit is 6However, claiming benefits prior to your full retirement age comes with expensive trade-offs. It's unlikely to be your best choice if your aim is to maximize your retirement income over the long haul..Some of the most talked-about plans using a "chained" consumer price index to calculate annual cost-of-living adjustments, cutting the payroll tax, and reducing benefits for people who are currently retired or nearing retirement would devastate many of the most vulnerable seniors..Your answers to TSCL's Annual Senior Survey makes a difference! TSCL shares the results with Members of Congress and the media..Across the country Meals on Wheels programs are reducing the number of meals delivered to low-income seniors or shutting down altogether according to a new survey. The programs typically deliver a hot prepared meal five days a week to people over 60 who are homebound and/or unable to shop and cook, low income, or all three. Without Congressional action, the programs will be cut by about .7 million in federal funding this year due to the automatic budget cuts known as "sequester.".We are pleased and grateful that Rep. Grace Meng has once again introduced legislation, H.R. 3839, to remedy this situation. It would allow workers who reach age 65 after 1981 and before 1992 to choose either lump sum payments over four years totaling ,000 or an improved benefit computation formula under a new 10-year rule governing the transition to the changes in benefit computation rules enacted in the Social Security Amendments of 1977..In a letter to Congressman Davis, Art Cooper Chairman of TSCL's Board of Trustees wrote: "According to a recent study completed by TSCL, Social Security beneficiaries have lost over 20 percent of their purchasing power since 2000. Those who are subjected to the WEP and the GPO have undoubtedly fallen even further behind. It is now more important than ever for Congress to address the inequities that have been created by the WEP and the GPO, and TSCL believes the Social Security Fairness Act is a fair and responsible solution.".This week, the Senate Judiciary Committee approved the "Gang of Eight's" immigration reform bill by a vote of thirteen to five. In addition, two House Ways and Means Subcommittees held hearings on entitlement reform, and The Senior Citizens League saw support grow for four key bills..Last month the Trump administration reported that a future COVID-19 vaccine would be free for nearly all Americans, except for seniors with traditional Medicare coverage.

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Upon introducing the bill, Rep. Schiff said, "We must work to ensure that public employees, just like retirees who have private pensions, receive the full Social Security benefits to which they are entitled. We have a responsibility to our educators, police officers, and fire fighters to act now to repeal these inequitable provisions, and ensure that hard work for the public good is justly compensated, even in retirement."."The Cuts To A Major Disability Program In Trump's Budget," Jacqueline Alemany, CBS News, June 1, 2017..The House Democratic bill would allow Medicare to negotiate drug prices, and then force drug companies to lower the prices they charge private insurers or impose huge fines on the companies. Pelosi said she wants it to be part of a special budget bill that can pass the Senate without Republican support since it is immune from the filibuster. … Continued

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One of the biggest items in the news last week that is of interest to so many seniors is about a new drug, which will be marketed as Aduhelm, related to the treatment of Alzheimer's disease. We are not doctors or scientists so we thought we would relay to you some of the information we have seen about this new drug..So it could be significant this week that a Republican member of the Federal Trade Commission, Christine Wilson, stated that she believes Medicare should have more power to negotiate drug prices. She acknowledged that her position would be controversial among her fellow Republicans because they argue that allowing Medicare to negotiate with the pharmaceutical companies would essentially allow Medicare to set drug prices and stifle development of innovative new drugs. As the year progresses, we shall see if her views make any difference..According to Rep. Deutch, the bill would extend the solvency of the Social Security trust funds for decades into the future by ensuring that the wealthiest Americans contribute to the program at the same rate as everyone else. Upon its introduction, he said, "Currently, most Americans contribute 6.2 percent of every paycheck they earn to Social Security, while a corporate lawyer earning 0,000 pays an annual rate of just 1.71 percent and a CEO earning million pays an annual rate of just 0.003 percent." … Continued

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