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In the year you reach your full retirement age, 66 and 6 months, you may earn a little more. The Social Security Administration will deduct in benefits for every earned above a slightly higher annual exempted amount. For example, in 2021 beneficiaries who reach full retirement age may earn ,520 or ,210 per month..This week, five new cosponsors signed on to Rep. Mike McIntyre's Notch Fairness Act, bringing the total up to seventeen. The new cosponsors are: Reps. William Enyart, Betty McCollum, Collin Peterson, Don Young, and Jim Himes. If signed into law, Rep. McIntyre's bill would provide modest compensation to Notch babies, or those who receive lower Social Security benefits because they were born between the years 1917 and 192TSCL believes that some compensation for this injustice should be provided, and the Notch Fairness Act would do just that..When the average person measures cost changes, one compares the change in the cost of a specific item like a gallon of home heating oil over a specific time frame. For example, the national average cost of home heating oil was .15 per gallon in the first week of January 2000. In the first week in January, 2013 it had increased to .00 per gallon - an increase of .8That's a total increase of 257% over 13 years..Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party..The change was designed to schedule certain holidays so that workers had several long weekends throughout the year, but it was opposed by those who believe that those holidays should be celebrated on the dates they actually commemorate..The 5 or so million Americans aged 50 to 64 who currently buy insurance on the individual and small business exchanges could compare a Medicare-X plan to those offered by private insurance plansm and choose which works best for them. Guaranteeing Medicare-X in every ZIP code would ensure there's always an option for Americans not yet on Medicare. And, because participants' premiums would cover the full cost of the plan, it wouldn't raise taxes, add to the deficit, or take resources from the Medicare trust fund. Medicare-X would allow price negotiation under Part D, but would not touch the benefits offered through traditional Medicare or Medicare Advantage..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..This week, one House subcommittee met to discuss the Social Security benefits of public servants like teachers, police officers, and firefighters. In addition, The Senior Citizens League announced its support for one new bill..Retirees and disabled Social Security beneficiaries generally have different spending patterns than younger workers. Retirees spend less on gasoline, and a greater portion of their incomes on healthcare costs and housing. The lack of a COLA means that if other costs like prescription drugs increase, retirees have to dig deeper into their Social Security or savings.