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So, we wanted to close this week's update with some good news, as reported by Bloomberg News..TSCL is highly concerned about the Totalization Agreement since it would likely add billions in costs to Social Security and drain Social Security benefits from American citizens who retire in the future. The Agreement would also increase exponentially the number of foreign workers claiming Social Security benefits. Social Security law currently allows non-citizens, who at some point obtain work authorization and a valid Social Security number, to claim benefits. Under current policy, Social Security uses all earnings regardless of a workers' legal status at the time the work was performed, to determine entitlement to benefits - including earnings while working illegally in the U.S. Such work could have been done while using an invalid or even fraudulent Social Security number. Several Members of Congress have introduced legislation that would prevent the Totalization Agreement from moving forward and that would give Congress more oversight over Totalization agreements with other nations. In addition, anti-Totalization legislation opposes Social Security benefits going to those who worked in the United States while illegal..Members of the Maryland Congressional delegation recently sent a letter to the Postmaster General complaining of the poor service. They stated in part:.Consumption of fried foods has also been linked to diabetes and high blood pressure..In the months ahead, The Senior Citizens League will continue to advocate for these and other policy solutions that would strengthen and enhance Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter..Congress passed legislation to end the practice at the end of the year, but as with so much other legislation Congress passes, it gave an outline of new policy but it left a great deal up to the President to work out the specifics..Our nation faces an urgent crisis: as middle-class families increasingly are squeezed by stagnant wages and rising costs, the dream of a secure retirement is slipping away..Most of the money that Social Security pays out to current beneficiaries comes from payroll taxes. According to the Social Security Trustees, the program received 5.1 billion in payroll taxes in 201Social Security also received an estimated .9 billion from the taxation of Social Security benefits, and .9 billion in interest was earned on special issue non-marketable bonds held by the trust fund last year..The place to start learning more about your retirement or survivors options is the Social Security website, but don't stop there. If you have a retirement account, ask your financial advisor if Social Security benefit planning services are offered.

Legislative Staff Coordinating Committee Civics Education Legislator Talking Points Card
Wall Street economists are in the midst of a growing debate over whether we are in for "the return of inflation.".The pharmacy benefit management company Express Scripts/Medco has one of the most comprehensive lists of the estimated dates in which brand drugs patents are ending. To learn more about your drug plan options, visit and look on the homepage for the link to "Compare health and drug plans.".If signed into law, S. 2023 would take a number of steps to reduce the cost of prescription drugs, including requiring the Secretary of Health and Human Services to negotiate Part D drug prices, allowing the re-importation of drugs from Canada, closing the "doughnut hole" three years earlier than current law, and prohibiting "pay-for-delay" deals between drug manufacturers. … Continued

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When it comes to the future of Social Security, we have a choice: we can tell our children and grandchildren that their Social Security benefits won't be there for them because of a regressive tax that benefits the wealthy. Or, we can do what's right to make sure America's seniors and disabled citizens don't fear living in poverty. Our country is stronger when everyone can be financially independent and living with dignity, thanks to a program they paid into..We must ensure benefits earned are benefits maintained. That's why I am proud to cosponsor H.R. 141, bipartisan legislation to eliminate the Windfall Elimination Provision and Government Pension Offset in our last Congress. The WEP and GPO unfairly penalize workers who paid into Social Security and earned benefits in addition to receiving a public pension through other work..Even though the rate of inflation is dropping, a proposal that would switch to a more slowly-growing CPI to calculate COLA continues to be pushed by proponents on both sides. The Congressional Budget Office has estimated that the "chained" CPI would reduce the federal budget deficit by more than 0 billion in the first ten years. It would do so by cutting the growth in a host of federal benefit programs, including military retirement in addition to Social Security, as well as increasing revenues if used to index the tax code. … Continued