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Using this approach would put low to middle benefit recipients on more equal footing. The draw- back however, is that people with higher benefits would experience a benefit cut. They would not receive a COLA based on the benefit that they actually receive, and the dollar amount would be lower than what they would have received under current law. While that loss would be relatively small at first, it would compound and rapidly grow deeper over time. It would tend to lower the total amount of income that retirees with higher benefits could expect to receive from Social Security. This sort of proposed change to the COLA would quite likely encounter fierce push back, particularly from those affected, and even from middle-income people who delayed their retirement perhaps by as much as 4 years or more to allow their benefit to grow to its maximum..Social Security provides an essential foundation to American's retirement plans, but it simply was never designed to be the sole source of retirement income. Social Security replaces about 40% percent of earnings of the typical retiree. TSCL believes that today's retirement crisis calls for more adequate, not reduced, benefits..More than 1,057 respondents participated in The Senior Citizens League's annual senior survey, which was conducted from January through March of this year. Participants confirmed that monthly household expenses made steep increases over the past year, far in excess of the dollar amount that their COLAs increased benefits. More than half, 56%, indicated their monthly expenses went up by more than Yet 50% of survey respondents said that their COLA increased benefits less than per month, after the increased Part B premium for 2018 was deducted from their Social Security benefits..Which Repairs Are Worth Doing Before Selling A Home?."The FDA's action came despite a 10-0 vote in November against approval by its panel of expert advisers, who were dubious that data from two clinical trials showed the drug was effective in early Alzheimer's patients with mild cognitive impairment; three members resigned in protest from the panel last week. The surprising decision leaves doctors turning back to data from those trials, which had conflicting results: One barely met its primary endpoint, and the other did not. As if that is not confusing enough, the mental decline that is considered an early sign of Alzheimer's disease is also present in other age-related disorders, which makes it hard to discern which patients have the disease.".Your thoughts on this matter can sway votes in Congress. Contact your Members of Congress. Letting each of them know what you think about debt limit deals that would cut "entitlements" like the Social Security cost-of-living adjustment, or trim benefits in other ways..May 2007.Month after month, year after year, unbeknownst to most of the public, thousands of people with no Social Security number are receiving Social Security benefits. The beneficiaries don't qualify for benefits based on their own work record. Eighty-three percent of them don't even reside in this country. A few of those receiving benefits are even dead..Third, three new cosponsors Representative John Garamendi, Representative Jim McGovern, and Representative Judy Chu signed on as cosponsors to the bipartisan Nursing Home CARE Act, bringing the total up to twenty-two. If adopted, the bill would protect Medicare and Medicaid beneficiaries by more quickly codifying emergency preparedness rules for nursing home facilities that receive funding from the federal government.