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But then I think, since I can run down to the post-box when I take out the trash, I may as well pay the bills first..Natural disasters can affect the consumer price index by showing up as higher costs, particularly when gasoline supplies are disrupted, and large numbers of people are forced to evacuate needing shelter and food away from home. But Joe thinks that our government economists may be cooking the books in their methods of measuring price increases..Highlights of this week in Congress include: fallout from the Super Committee's indecision; leadership changes at the Center for Medicare and Medicaid Services; and a new co-sponsor added to a key bill..Social Security checks in 2020 are almost 20 percent lower than they otherwise would be, due to the long term impact of extremely low annual inflation adjustments, according to a new analysis from The Senior Citizens League. This analysis comes as the Social Security Administration announced today that the 2021 cost of - living adjustment COLA will be just 1.3 percent, making it one of the lowest ever paid..Consumption of fried foods has also been linked to diabetes and high blood pressure..Your wife's survivors benefit would not be reduced and she would receive the ,842 you would have received had your benefits not been reduced due to the WEP. For more information on survivors benefits, visit. Learn more about the Windfall Elimination Provision here. If you receive a pension for work not covered by Social Security, learn how your spouse or survivors benefits may be affected by the Government Pension Offset here..So, while we like the news that they still want to act this year, TSCL is taking a wait-and-see position..early 60s. If you wait much longer, you may not pass the required physical and.To do this, Larson's bill would increase the payroll tax rate gradually over 24 years through annual 0.1% increases, and it would also apply payroll taxes to all earnings instead of just the first 7,700.

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People frequently overestimate the amount of money they will receive from Social Security benefits. Lifespans are growing longer, and ideally you will want your savings to last over the length of your retirement that could be as much as 25 to 30 years long. At the same time life expectancy is rising, so are healthcare costs. If you talk to folks who have already retired, you will learn that almost 6-in-10 retirees will report that healthcare costs take one-fourth to one-third of their Social Security benefits..At this point, the future of the Social Security tax holiday is unclear, though some believe it may resurface later this year as the Joint Select Committee on Deficit Reduction takes up the challenge of reducing the deficit by at least .2 trillion before Thanksgiving..Congress Still Working to Avoid Government Shutdown … Continued

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Tying the annual cost-of-living adjustments to the Consumer Price Index for the Elderly. We expect this change would pay a COLA that's about.25 percentage point per year higher and would boost average benefits about per month by the end of a 20-year period..In response to concerns over high prescription drug prices, I have introduced two bills in this Congress to lower the cost of prescription drugs. H.R. 448, the Medicare Drug Price Negotiation Act, would authorize the Secretary of Health and Human Services to negotiate for lower drug prices on behalf of Medicare Part D beneficiaries. H.R. 447, the Affordable and Safe Prescription Drug Importation Act, would allow qualifying prescription drugs manufactured at FDA-inspected facilities of licensed Canadian sellers to be imported into the United States. These solutions, along with other bills introduced by my colleagues in the House and Senate, will help to fundamentally change the playing field, helping to lower prices for patients while reining in excessive drug company profits..Under growing pressure to reduce the federal deficit, the prospect of major Social Security and Medicare cuts is the greatest it's been in almost three decades. The recent debt limit deal calls for a bipartisan committee that has until Thanksgiving to come up with a plan to cut the deficit by .2 trillion. TSCL believes that the committee would very likely include a change to a more slowly growing consumer price index that would cut annual-cost-of-living adjustments. There are also proposals that would require seniors to pay a bigger portion of their Medicare costs. … Continued