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In fact, 88% of people who planned to retire in the next 10 years did not know what factors determine the maximum Social Security benefit that they could achieve. Benefits are based on the age at retirement, the number of years worked and the earnings record that your benefits will be based on..He said, "We have to work to do more to ensure that every older American has the resources and the support that they need to thrive. That challenge protecting our seniors, dealing with the rising costs of an aging generation, ensuring we have enough home care workers looking out for our family members, maximizing the contributions that older Americans can make to our country these challenges are just becoming more urgent.".Doug Osborne served in the US Air Force for 20 years. After retiring, he continued his career in the technology field using the knowledge gained during his enlistment. Doug is a lifetime member of TREThe Enlisted Association and has served on multiple committees, such as; Awards, IT, and the 5-year plan. He routinely donates his time, effort and money to the missions of TREA and The Senior Citizens League and encourages using technology to a greater degree. As the Legislative Liaison for TSCL's Board of Directors, he helps to educate seniors on various issues that strike close to home. He meets quarterly with Members of Congress and/or their staff to ensure they are aware of the concerns of TSCL supporters in their specific districts and to encourage them to support legislation that benefits senior citizens. Doug is also involved with The American Legion and, when able, Doug supports Team Rubicon on deployments. He lives in Parker, Colorado with his wife, Debbie..Most seniors are aware of the impact of the consumer price index on COLAs. But switching to the more slowly growing "chained" CPI, if applied government-wide, would be far more reaching than Social Security cuts alone. In every aspect where applied, seniors would receive less in benefits and pay more in higher taxes. The following chart illustrates:.This year, Social Security beneficiaries are receiving a COLA of just 0.3 percent, and in 2016, they received no COLA at all. Since 2012, COLAs have averaged 1 percent less than half of the 3 percent average during the decade prior but most beneficiaries have seen no benefit increase at all in several years due to rising Medicare Part B premiums..Questions To Ask At Your Next Town Hall.Currently, COLAs don't keep up with typical retiree costs. Consequently, Social Security benefits have lost 22% of their buying power since 2000..Medicare Savings Programs cover the cost of the Medicare Part B premium, saving a person 8.50 per month in 202Depending on income, those with the lowest income may also qualify for additional benefits that cover the Part B deductible and out-of-pocket costs. People with incomes in 2020 of up to ,456 per month or ,960 might be eligible if they have limited savings and resources of ,860 or ,800. These limits are slightly higher for Hawaii and Alaska. This program is administered through state Medicaid programs and states may have guidelines that allow people with slightly higher income to enroll. If interested,contact your local Medicaid office to apply..This week, lawmakers in the House remained in their home districts, while those in the Senate returned to Capitol Hill to begin working on a plan to avoid a government shutdown. In addition, The Senior Citizens League saw three key bills gain support.