Still No COLA for Seniors
Thursday, March 4th, 2010Last night the Senate rejected passage of a $250 one-time payment to seniors on Social Security who’ve been living without a cost of living adjustment this year. To say this vote was disappointing doesn’t sum up our reaction. Especially when you consider how many of the Senators who voted against $250 for seniors…had no problem [...]
Budget Breakdown for Seniors
Monday, February 1st, 2010Policy analysts all over town are pouring over the President’s budget searching for answers about funding levels for their issues and programs. What’s up, what down? The President summed up the budget challenges this morning… Of course, seniors want to know about Social Security and Medicare. Here is what the White House has [...]
It’s Official…Zero Social Security COLA Next Year
Thursday, October 15th, 2009As expected, the Social Security Administration announced a zero cost of living adjustment for Social Security beneficiaries in 2010. This is from the SSA’s news release : “With consumer prices down over the past year, monthly Social Security and Supplemental Security Income benefits for more than 57 million Americans will not automatically increase in 2010. This [...]
$250 Payment Softens the Zero COLA Blow
Wednesday, October 14th, 2009“Kudos to President Obama for listening to the concerns of National Committee members and millions of seniors across the country who are worried about the prospect of no Social Security cost of living adjustment next year. The White House clearly understands how devastating the rising costs of health care and the loss of retirement savings [...]
SENIORS URGE CONGRESS TO PASS EMERGENCY COLA BILL
Friday, October 2nd, 2009For millions of American seniors, Social Security has been the one stable source of income they can count on during this economic recession. That’s why news that next year could be the first time beneficiaries won’t receive a cost of living adjustment since it was created in 1975 is especially troubling. There are several bills [...]
Health Care Reform and Social Security?
Monday, September 14th, 2009If you’re younger than 62 years of age, you might wonder what health care reform could possibly have to do with Social Security retirement benefits. But the connection is painfully clear for millions of Social Security beneficiaries who have watched growing health care costs consume more and more of their monthly Social Security checks. The [...]
No Social Security COLAs for Seniors
Monday, August 24th, 2009The National Committee has been working with Congress to try and find a way to avoid the first-ever zero cost of living increases for seniors. We talked to the Associated Press about this issue and they provided a nice overview of what’s at stake for seniors. We’ve written about this before and urge you to check out [...]
The Truth about the 2009 Social Security and Medicare Trustees Report
Tuesday, May 12th, 2009Here’s the bottom line from this year’s Trustees Report: Social Security is still fully funded for 28 years No COLA increase planned for retirees Skyrocketing health costs nationwide continue to threaten Medicare Undoubtedly, these facts truths will probably be buried in coverage of this year’s Trustees report as the anti-entitlement crowd revs up its billion [...]
2009 Social Security COLA
Thursday, October 16th, 2008SSA announced today that benefits for about 55 million Americans on Social Security will go up 5.8%…the highest cost of living increase we’ve seen since 1982. “Given this economy, the Social Security COLA is a lone piece of good news for seniors. Social Security’s COLA is absolutely essential to keep America’s seniors out of poverty. For [...]