The Pandemics Impact On Childrens Mental HealthPetition to Congress: No Budget Deal that Sells Out America's Seniors.For information about town hall meetings near you in the days ahead, call the local offices of your elected officials. For contact information, click HERE..The proposal to cut the growth of COLAs formed a major Social Security reform provision of President Obama's 2010 Fiscal Commission. It would reduce the growth rate in COLAs by switching to the more slowly-growing "chained" CPI. "The switch is insidious because it's enormously complicated to figure out, and it looks so small on paper - just 0.03 tenths of a percentage point," Hyland observes. "But the loss compounds over time. Within a decade it would have a significant financial punch that just keeps getting bigger," Hyland explains. The following chart provided by TSCL illustrates the impact of a chained CPI on a married couple's Social Security benefits, which start at a total of ,500 per month today, and how their benefits change over the first ten years. After ten years the chained CPI would reduce benefits by per month, and would cut benefits by ,488 over the ten-year period. … Continued
Care Nip Spring Allergies In The BudRecently a friend of mine in her late 70's wondered, "How would I know it's time for assisted living if I live alone?" She has no close family of her own for caregiving. What do you recommend for people like this?.TSCL is strongly opposed to plans to "chain the COLA." Such a switch has been estimated to reduce Social Security benefits by about 7% over a 30-year retirement. An average benefit of ,300 in 2017 would be about 5 per month less at the end of the period than it would be using the current CPI. An index that causes higher taxes, and lower retirement benefits, make the chained CPI a bad deal for older Americans..Opportunity to utilize new technologies such as telemedicine that bring health care to those in rural communities. … Continued