Senior Citizens League wants more for COLA, three percent they demand

Senior Citizens League wants more for COLA, three percent they demand

Last week the Senior Citizens League released an article demanding a higher COLA in response to the Social Security Administration’s announcement of a 1.7% increase in benefits for retirees.

About $113 Missing from Social Security in 2015, Says The Senior Citizens League.

Only a day after Social Security announced a 1.7 percent cost-of-living increase for beneficiaries in 2015, The Senior Citizens League is calling for a minimum increase of 3 percent, which was the average before 2010. The group’s leader, Ed Cates, says benefits of the typical Social Security recipient will be about $5,298 lower by the end of 2015 due to the government not maintaining at least a 3 percent increase.

Are your a senior? Do you agree? Share your feedback. We’d love to hear from you!

http://www.seniorjournal.com/NEWS/SocialSecurity/2014/20141023_Minimum-Social-Security-COLA-of-Three-Percent-Demanded-by-Senior-Citizens-League.htm

No need to spend 2015 COLA increase on health costs

No need to spend 2015 COLA increase on health costs

Here’s some great news for retirees on fixed budgets that are often stretched by medical expenses. Monthly premiums for Medicare Part B and the related deductible for 2015 will remain the same as in 2013 and 2014, according to a recent announcement from the U.S. Department of Health & Human Services (HHS).

It means retirees won’t have to spend any of the latest cost of living increase (COLA) in Social Security benefits — a 1.7 percent rise — on higher Medicare premiums.

Here Steve Vernon outlines the latest about Medicare and it’s relation to the most recent COLA developments.

In what ways have you spent your COLA in the past? Do you spend it on medical costs? Share your feedback. We’d love to hear from you!

http://www.cbsnews.com/news/medicare-costs-that-wont-be-rising-in-2015

Social Security Administration – SSA

I think most everyone knows this, but the Social Security Administration (SSA) is in charge of your Social Security benefits.   So you want to visit the Social Security Administration website to do things like:

  • Apply for your benefits
  • Learn more about Social Security
  • Run some basic benefit calculations
  • Learn about Survivor benefits
  • Learn about disability benefits

You can also learn about the history of Social Security and how it came about in the 1930s under President Roosevelt’s “New Deal”.

Click here to go to the Social Security Administration Website

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