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Cola raise???
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Social Security
Cola raise???
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Hi, Does anyone know how to figure out how to calculate the amount when they give us the COLA raises????
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:d82ec95b-0483-41f9-bc83-565b76879d0d
Forums » Work & Retirement » Social Security » Cola raise???
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Re: Cola raise???
posted at November 8, 2012 8:45 PM EST
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Posts: 2
First: November 8, 2012 Last: November 8, 2012 |
Politicians and members of congress, who do not pay into social security or pay for their own gasoline, need to remember that we did not have any choice as to whether or not we wanted to contribute into social security. We were all forced to do so. It was the law. However, we were promised a scheduled return on our social security contribution. We were to receive retirement benefits, Medicare, and disability payments when applicable. As time went on we were also to receive cost of living adjustments. Well, we all know how that went, and now we are being told that we are going to be subjected to a lower COLA, lose some of our Medicare benefits, and pay more for any benefits that remain, all so the government can save money to insure that social security will continue for those retired and those about to retire. If the politicians had kept their hands out of the social security fund, to the tune of $750 billion being diverted to fund and administer the "Affordable Health Care Act", none of this would be necessary. If our government was not spending billions fighting wars that we cannot possibly win none of this would be necessary. If the social security fund had been managed as provided for under the social Security Act none of this would be necessary. If one term Senators & Congressman did not receive retirement pay in excess of $80,000.00 per year, along with lifetime medical benefits that we are paying for, none of this would be necessary. If massive Medicare fraud amounting to billions of dollars was investigated and prosecuted when reported to the Social Security Administration, which it isn't, none of this would be necessary. If social security benefits were not being paid to people who have never contributed to the social security fund, many under the age of 65, none of this would be necessary. It all adds up, and the only people paying the price are the people who can least afford to. The government needs to keep their hands out of our pockets and to maintain the original agreements that they forced us into against our will. The irony here is, the only people who object to my way of thinking are the people who do not need or rely on social security benefits. |
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Re: Cola raise???
posted at November 8, 2012 9:34 PM EST
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Posts: 2
First: November 8, 2012 Last: November 8, 2012 |
We were forced into Social Security. It was the law. We didn't have a choice. "This is what you will pay, and these are the benefits that you will receive at retirement". Social Security is in effect a contract between the Social Security Administration and the worker. Now we are being told that our benefits will be reduced, and we will have to pay more for any benefits that remain. If the government had kept it's hand out of the social security fund, to the tune of $750 billion being diverted to the Affordable Health Care Act, the cuts would not be necessary. If 1 term Senators & Congressman, who do not pay into social security, did not receive a ridiculous $80,000.00 per year retirement check, along with life time medical benefits that include their families, that we pay for, the cuts would not be necessary. If America was not fighting wars that it cannot possibly "win" the cuts would not be necessary. If Medicare fraud, amounting to billions, was prosecuted the cuts would not be necessary. If people who never paid into social security were not collecting benefits, many under the age of 65, the cuts would not be necessary. If the Social Security Act was administered as written, then the cuts would not be necessary. It all adds up, and the people paying the bill are the people who can least afford to do so. COLA should be raised not lowered, and only for the people who have spent a lifetime paying into social security. Why should we pay for the governments inability to protect our interest? Why should we pay additional sums, be subjected to less benefits, or see COLA reduced so that benefits can be provided to people who have not helped to support social security? Why is it that the only people who seem to disagree with this position are the people who don't need social security namely politicians and the wealthy, and those who have never contributed to social security? |
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Re: Cola info
posted at November 10, 2012 10:45 AM EST
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Posts: 3
First: November 10, 2012 Last: November 10, 2012 |
In Response to Cola info: Your November Bulletin suggested to go to action.aarp.org/cola. However, it didn't bring me to that website. Can you give me a website where I can find info and respond to it? Posted by Specplace |
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Re: Cola info
posted at November 10, 2012 10:49 AM EST
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Posts: 3
First: November 10, 2012 Last: November 10, 2012 |
In Response to Cola info: Your November Bulletin suggested to go to action.aarp.org/cola. However, it didn't bring me to that website. Can you give me a website where I can find info and respond to it? Posted by Specplace |
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Re: Cola raise???
posted at November 10, 2012 10:53 AM EST
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Posts: 3
First: November 10, 2012 Last: November 10, 2012 |
I certainly do not agree to the cola change for all of us seniors who look forward to any little raise in cola that we can obtain. I'd like to see all the congress and reps even try to live on the money some of us seniors live on, and now they will try to take more away from us. |
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Re: Cola raise???
posted at November 10, 2012 2:41 PM EST
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
We must send notice to our Representatives in both the House and Senate, that we wont stand for cuts in our Social Security and Medicare benefits, while the right wing Republicans in Congress insist on continuing Tax breaks for our wealthy. The wealthy have had the luxury of 12 years of the Bush Tax Cuts and during that same 12 year period, we have had years of NO cost of living increases and now the Republicans say our seniors are too costly !!! Like President Obama said, the wealthy need to share in this sacrifice. You would think that our wealthy would be thankful for the 12 years of Tax breaks, but no its give them more, even if it means less in benefits for our struggling seniors, disabled and Veterans. Where is the fairness and common sense with our Republican leadership in Congress.Response to Re: Cola raise???: I certainly do not agree to the cola change for all of us seniors who look forward to any little raise in cola that we can obtain. I'd like to see all the congress and reps even try to live on the money some of us seniors live on, and now they will try to take more away from us.
Posted by lorry3411 |
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Re: Cola raise???
posted at November 12, 2012 7:48 AM EST
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Posts: 2
First: November 12, 2012 Last: November 12, 2012 |
With a big 1.7% raise, I hope I don't go crazy and spend it all at once!! Better than nothing but not by much. And the fat cats in Washington are considering switching to a lower COLA formula. Without eough money for proper medications, food, & housing - after working for 40+ years, by the way - this country is heading toward eliminating problems of the elderly by eliminating us, period.. |
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Re: Cola raise???
posted at November 12, 2012 7:50 AM EST
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Posts: 2
First: November 12, 2012 Last: November 12, 2012 |
In Response to Re: Cola raise???: Politicians and members of congress, who do not pay into social security or pay for their own gasoline, need to remember that we did not have any choice as to whether or not we wanted to contribute into social security. We were all forced to do so. It was the law. However, we were promised a scheduled return on our social security contribution. We were to receive retirement benefits, Medicare, and disability payments when applicable. As time went on we were also to receive cost of living adjustments. Well, we all know how that went, and now we are being told that we are going to be subjected to a lower COLA, lose some of our Medicare benefits, and pay more for any benefits that remain, all so the government can save money to insure that social security will continue for those retired and those about to retire. If the politicians had kept their hands out of the social security fund, to the tune of $750 billion being diverted to fund and administer the "Affordable Health Care Act", none of this would be necessary. If our government was not spending billions fighting wars that we cannot possibly win none of this would be necessary. If the social security fund had been managed as provided for under the social Security Act none of this would be necessary. If one term Senators & Congressman did not receive retirement pay in excess of $80,000.00 per year, along with lifetime medical benefits that we are paying for, none of this would be necessary. If massive Medicare fraud amounting to billions of dollars was investigated and prosecuted when reported to the Social Security Administration, which it isn't, none of this would be necessary. If social security benefits were not being paid to people who have never contributed to the social security fund, many under the age of 65, none of this would be necessary. It all adds up, and the only people paying the price are the people who can least afford to. The government needs to keep their hands out of our pockets and to maintain the original agreements that they forced us into against our will. The irony here is, the only people who object to my way of thinking are the people who do not need or rely on social security benefits. Posted by Judan38 AMEN to that!! |
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Re: Cola raise???
posted at November 12, 2012 12:39 PM EST
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
Just be thankful that President Obama is fighting to preserve S.S. If Romney had won, we would be sitting ducks, part of his 47% moochers. Response to Re: Cola raise???: With a big 1.7% raise, I hope I don't go crazy and spend it all at once!! Better than nothing but not by much. And the fat cats in Washington are considering switching to a lower COLA formula. Without eough money for proper medications, food, & housing - after working for 40+ years, by the way - this country is heading toward eliminating problems of the elderly by eliminating us, period.. Posted by samowen2 |
Forums » Work & Retirement » Social Security » Cola raise???
