Minnesota Health Officials Issue Warnings For Travelers During Recent Covid19 OutbreaksSo, while we like the news that they still want to act this year, TSCL is taking a wait-and-see position..So far there's been little discussion on how to fix the disability program. Congress and President Obama have debated reducing cost-of-living adjustments that would reduce the growth in benefits of all Social Security recipients. There has also been debate over raising the eligibility age, and other changes affecting the retirement program..I'm turning 65 later this year and my dentist tells me that I will need dentures. Does Medicare cover dental services? … Continued
State Legislatures Magazine Staff Snapshots Virginia J Drew Magazine2021Some say that if workers pay into the system, then they should be entitled to benefits. But TSCL and the overwhelming majority of seniors who have responded to TSCL's surveys believe that Social Security benefits should not be based on illegal earnings and work credits. Congress is considering big changes to both Social Security and Medicare that will result in reducing benefits and higher costs for retirees in the future. TSCL supports measures that would prohibit Social Security from using earnings for jobs worked without legal authorization to be counted towards entitlement to benefits..While you should check with a professional financial advisor, you and your husband still have the right to claim spousal benefits only, when you turn 6Under the new law changes, while you couldn't apply for spousal benefits, based on a suspended application, your husband can apply for spousal benefits based on your full retirement age benefit, using a restricted application while his own benefit continues to grow. He would receive half of your benefit, or about 5 per month, until he claims his own retirement benefit. Together the two of you would receive ,215 per month, which is better than the ,150 you alone were hoping to get as a spousal benefit. Then, when he turns 70, he can claim his full benefit of about ,100 per month..With regard to your specific concerns on Social Security COLAs, as you are fully aware, after a person becomes entitled to receive Social Security benefits, his or her monthly benefit was designed to increase annually to maintain purchasing power over time. The amount of the COLA is based on inflation as measured by the Consumer Price Index. If the CPI rises, Social Security benefits for the next year increase proportionately. If the CPI falls, Social Security benefits stay the same. Like you, I too have long been critical of this formula that measures the level of inflation in our economy because older Americans have different needs than the "typical" American. In addition, the current CPI fails to adequately reflect the fact that seniors rely more on medical goods and services, which have a much higher inflation rate. … Continued