Social Security does not provide future retirees with a safe “return” on taxes paid into the system on their behalf, given the program’s funding problems. It’s not even clear that it provides a decent return to many current retirees, and it will get worse as younger age cohorts become eligible. 1,221 more words
Tags » Cost Of Living Adjustments
Premiums for about 30% of all Medicare Part B beneficiaries could increase by as much as 52% next year.
Those unlucky patients may go from paying $104.90 per month to $159.30 because of a simple “hold harmless” provision that says premiums can’t go up for Social Security recipients if there’s not cost-of-living adjustment for the given year. 122 more words
This post has been updated.
Rep. Jim Moran tried to help members of Congress with their housing expenses, but he couldn’t even get approval for an extra $25 a day. 289 more words
Sen. David Vitter has a simple idea for members of Congress: You want a raise, ask for it and vote on the proposal.
The challenge is that Congress is slated to automatically receive annual cost-of-living adjustments — but members have voted to block or delay such increases since 2009. 240 more words