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Many seniors in our community struggle month to month to make ends meet on budgets that just can't cover today's high cost of living. Today's troubled economy is leaving the elderly in a financial pinch, particularly since a large majority of senior citizens rely on Social Security benefits as their main source of income..Lifting the maximum taxable wage cap so that wealthy individuals pay Social Security taxes on more of their income. Currently, annual income over 8,500 is not subject to the payroll tax..Help! I've Been Told I Have To Return My Deceased Husband's Last Social Security Check. Is This Really True?.TSCL surveys have found that there is no public support for benefit cuts. On the other hand, 79% support eliminating the taxable maximum cap on earnings so that the highest paid workers pay Social Security taxes on all of their income, not just part of it as they do today..Avoid Falling for this Scam:.Use call block technology. If you have a smart phone, you can block calls from unknown numbers. Some land line phones also have similar technology..Both the SSA and AARP say that "fixing" the Notch would be a costly mistake that would drain dollars from the Social Security Trust Fund reserve. In 1992 one popular piece of legislation to provide improved monthly benefits was estimated to cost 0 billion. To counter these concerns, alternative "capped-cost" legislation has been introduced. "The Notch Fairness Act of 2001" would provide those born from 1917 through 1926 their choice of either improved monthly benefits, or a Lump-Sum of ,000 payable over a four-year period. The cost of Lump-Sum legislation is estimated to be billion, or slightly less than .25 billion per year over a four-year period..First, one new cosponsor Representative Debbie Dingell signed on to the bipartisan Consumer Price Index for Elderly Consumers Act, bringing the total up to fifty-one. If adopted, the bill would base Social Security cost-of-living adjustments on the more fair and adequate CPI-E. Currently, COLAs are based on the Consumer Price Index for Urban Wage Earners, and they fail to keep pace with the inflation experienced by older Americans.."Record low growth in Social Security benefits over the past seven years is contributing to the problem," says TSCL Chairman, Ed Cates. Social Security recipients receive an annual cost of living adjustment in most years, to protect the buying power of benefits from rising prices when they retire. But since 2010, the annual raise has averaged just 1.2 percent - less than half the more typical 3 percent average from 1999 2009.

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However, the Biden administration has not received the idea enthusiastically. Jen Psaki, who is the White House Press Secretary, was asked about the proposal to fire the postal service board and she said it was an "interesting question," and that "we all love the mailman and mailwoman," but did not have any further comment..The health-related negatives of fried food include generally higher calories and fat, as well as extra salt and a tastiness that often leads people to eat multiple servings, which contributes to weight problems..Alexandria, VHow would Social Security recipients fix the Social Security Disability Insurance Program? The Senior Citizens League is providing recommendations to Congress this week taken from a national survey of close to 1,200 Americans age 60 and over. Participants overwhelmingly say that they won't support benefit cuts or switching to a more slowly growing cost–of–living adjustment. … Continued

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Inflation, as measured by the U.S. Bureau of Labor Statistics' consumer price index, has taken a deep tumble over the past year, meaning older Americans will have to settle for a cost-of-living adjustment of 1.6% in 2020 after getting a 2.8% increase this year..Members of Congress may lose an election but unlike other Americans, they never lose their retirement and health benefits. A Member of the House or Senate who retires at age 60 after just 12 years in office will receive a Congressional pension of ,000 a year and lifetime benefits that could total more than 0,000.Notch Bulletin: How Long Have Notch Babies Been Underpaid? I was born during the Notch period. I would like to know how long Notch Babies have been underpaid. In addition could you tell me if the underpayment has been corrected and if we are receiving the right amount now? - M.R. Fort Cobb, OK.When there is no or a very low COLA, a special provision of law known as "hold harmless" protects beneficiaries when the dollar amount of their COLA is lower than the dollar amount of their Part B increase. The Part B premium is adjusted to prevent a reduction in Social Security benefits from one year to the next. "But when this provision occurs on a program-wide basis - as it did in 2016 and 2017, the entire increase in Medicare Part B for the year is shifted to the people who are not protected by hold harmless, Johnson notes. Instead of the Part B increase being spread over all Medicare beneficiaries, the total cost increase is borne by only 30 percent of Medicare beneficiaries who are not protected by the hold harmless provisions. They include: … Continued