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Retirees Friday Alert:

2018 Social Security COLA to Health Care Executive Order

10/13/2017 -

HEADLINES: 2018 Social Security COLA will be 2.0%: Not Enough to Offset Medicare Part B Premiums; House Slashes Medicare to Fund Children’s Health Insurance Program; President Trump Signs Health Care Executive Order, Ends Affordable Care Act Subsidies; CNN: Investigation Finds Drug May Be Inappropriately Prescribed Pill to Nursing Home Residents; Nebraska Alliance Elects Officers, Wisconsin Alliance Draws Gubernatorial Candidates.

TSP - It's Your Money!

09/01/2017 - (This article first appeared in the Sept-Oct 2017 issue of the American Postal Worker magazine)

By Retirees Director Nancy Olumekor

The USPS reports that each year postal employees throw away almost $200 million in retirement benefit matching funds by failing to save in their Thrift Savings Plan (TSP).

It is never too early or too late to start planning for retirement. You need to be clear about what you want your “golden years” to look like.

APWU Web News Article 231-2016

Paltry COLA Will Leave Postal, Federal Retirees Worse Off

APWU Working with Allies to Address Unintended Consequences

10/20/2016 - The APWU has joined with 74 other organizations to urge Congress to correct an outrageous disparity, Retirees Department Director Nancy Olumekor reports. Unless the legislature takes action, a miniscule 0.3 percent 2017 cost-of-living adjustment for millions of retirees will result in a substantial reduction in the annuities of hundreds of thousands of postal and federal employees who are enrolled in Medicare.

Donald Trump’s “Wages are Too High” Mentality is an Attack on Social Security

11/13/2015 -

During Tuesday night’s Republican presidential debate, Donald Trump answered a question about raising the minimum wage by saying that wages are too high. Rather than taking on Trump, Marco Rubio and Ben Carson helped reinforce that message by stating their own opposition to a minimum wage hike.

 

Sen. Elizabeth Warren Introduces Bill Providing One-time Payment of $581 to Social Security Beneficiaries, Veterans

11/06/2015 -  

 

 

On Thursday, Sen. Elizabeth Warren (D-MA) introduced S. 2251, the Seniors and Veterans Emergency Benefits Act. The bill would provide a one-time payment in 2016 to Social Security beneficiaries, veterans, and others of $581, or 3.9% of the average Social Security retirement benefit.

A Gift that Keeps on Giving

11/01/2015 - (This article first appeared in the November/December 2015 issue of The American Postal Worker magazine.)

We have a tradition in this country of celebrating birthdays by sending cards and giving gifts.

Rep. Allan Grayson (D-FL) celebrated Medicare’s 50th birthday by introducing the “Seniors Have Eyes, Ears, and Teeth Act” (H.R. 3308), which would expand Medicare coverage.

Budget Deal Protecting Social Security and Medicare Beneficiaries Passes U.S. House

10/30/2015 -  

Congressional leaders and the White House announced on Monday that they had reached a deal to avert default and keep the government funded. Outgoing House Speaker John Boehner helped arrange the deal, which also cleared the way for new Speaker Paul Ryan to become the new Speaker without having to worry about clashes over the debt limit and budget issues until 2017.

Congressional Democrats Draw Line in the Sand over Social Security, Medicare Cuts

10/23/2015 -

The November 3 deadline for raising the federal debt limit is fast approaching, bringing with it the risk of a U.S. credit default if Congress fails to act. Democrats in Congress have drawn an early line in the sand, saying they will reject any effort by Republicans to cut earned Social Security and Medicare benefits as part of this fall's budget talks, according to Politico and a source familiar with the discussions. This means that Republican leaders in the U.S. House will likely have to rely on Democratic votes to increase the debt limit without any policy concessions.

 

Just in Time for Labor Day: New Statistics on Social Security Disability Insurance

09/04/2015 - Happy Labor Day to all Alliance members! The Social Security Administration's (SSA’s) new Social Security Disability Insurance (SSDI) issue paper and state fact sheets show how this vital safety net is protecting workers and their families in every community across America.

Released to coincide with Labor Day, the documents focus attention on disability protections that workers earn through payroll taxes. The average person receiving SSDI payments today paid into the system for 22 years before becoming disabled.

Republican Presidential Hopefuls Are Staying Silent Regarding Social Security Privatization but Still Favor 'Reform'

08/28/2015 -

While still talking about the need to “save” Social Security by cutting benefits to retirees, this cycle’s crop of GOP Presidential candidates have been silent on whether they’d support a plan to privatize Social Security. In 2005, Democrats defeated a proposal by President Bush to allow individuals to invest in private accounts in lieu of Social Security – an idea which would have exposed decades of earned benefits to the volatility of the stock market while depleting the trust fund at a faster rate.

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