More than 45 million Social Security beneficiaries were receiving benefits by 2000. The beneficiaries who are still alive are the group that has absorbed the fullest extent of the COLA cuts to date, which compound like interest, growing deeper over time. Chaining the COLA would cut benefits for this group an additional 10% through 2025, the analysis found..Usually during economic downturns many older workers are forced into retirement when they lose jobs. While the pandemic may have caused more to retire earlier than planned, deaths removed hundreds of thousands of beneficiaries from Social Security rolls. In fact, life expectancy plunged by a full year in the first half of 2020, from 78.8 years to 77.8 years, the biggest drop since World War II..Paralleling his civilian career was his military career in the Army and Air Force reserve components as a senior non-commissioned officer. He retired from the Maryland Air National Guard after 30 years of service in 200In 1996, Larry was part of the first United States military mission to Romania since World War II. His personal awards include the Meritorious Service Medal, the Air Force Commendation medal, the Air Force Achievement Medal, and the Master Chaplains' Assistant Badge..Finally, Rep. Rodney Davis's Social Security Fairness Act gained eight new cosponsors this week, bringing the total up to forty-six. They are: Reps. John Tierney, Joe Courtney, Julia Brownley, Aaron Schock, Peter Welch, James McGovern, Lois Capps, and Elijah Cummings. If signed into law, H.R. 1795 would repeal the Government Pension Offset and the Windfall Elimination Provision two provisions that unfairly reduce the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year..Rather than get into all the details of how this works, we will simplify it this way. The Democrats now have the majority in the Senate because Vice President Harris can break tie votes, giving a majority vote of 51 to the Democrats..TSCL is continuing to meet with lawmakers and deliver your petitions calling for a fair COLA. To send an email to your member of Congress now!.Medicare doesn't cover dental benefits, and dental insurance premiums can be more expensive than paying out of your own pocket for routine check ups- and cleanings. The cost to buy an individual policy averages about 0 a year. That's about what you might pay out-of-pocket without any insurance for two annual exams and cleanings, plus some X-rays.."Improving adult access to vaccines can save thousands of lives and billions of dollars. The health care costs associated with low adult vaccine rates are high - each year, the U.S. spends billion treating Medicare beneficiaries alone for four vaccine-preventable diseases. Cost-sharing and co-pays for vaccinations recommended by the Center for Disease Control and Prevention Advisory Committee on Immunization Practices were removed for all Affordable Care Act compliant private plans in 2010; however, Medicare beneficiaries were left out of this change and can still face high out-of-pocket costs for vaccinations.".Legislation that would tie COLAs to an index that measures inflation experienced by older households, the Consumer Price Index for the Elderly, has recently been reintroduced. The CPI-E tends to grow more quickly that the CPI-W in most, but not every, year. "2021 is one of those times when gasoline prices soar and the CPI-W would yield the higher COLA," Johnson says. "If the COLA for 2022 were based on the CPI-E, we estimate it would be 5 percent compared to the 6.2 percent that we estimate for the CPI-W," Johnson notes. The Senior Citizens League works to protect and strengthen Social Security benefits and program financing.
