September is set to be a significant month for retirees and those receiving subsidies from the Social Security Administration (SSA). Starting from September 3rd, the SSA will implement increases in the amounts it distributes.
What is the new Social Security increase
This increase will benefit recipients of the Supplemental Security Income (SSI) program. According to the SSA, the increase will be up to $943, an unprecedented figure.
For an eligible individual along with their spouse, the amount will rise to $1,415. The SSI program is designed for individuals with severe disabilities who face significant limitations in their income and their ability to support themselves.
Due to the financial crisis facing the United States, various agencies have found it necessary to make some adjustments. One such adjustment involves Social Security, which will rely on the Cost of Living Adjustment (COLA).
According to the Senior Citizens League (TSCL), an increase of 2.6% is projected, which will be reflected as follows:
- 62 years: U$D 1332.01
- 67 years: U$D 1603.70
- 70 years: U$D 2090.52
What is the purpose of the Senior Citizens League (TSCL)?
TSCL champions senior rights and benefits. This nonpartisan group educates, alerts, and defends older Americans. It promotes and assists members while safeguarding hard-earned freedoms. The league’s mission: protect seniors’ interests and preserve their well-deserved entitlements.
TSCL is a group of active seniors. They want to protect their Social Security, Medicare, and military retirement benefits.
The organization aims to:
- Raise awareness and educate the public.
- Spread information about legislation before Congress.
- Recruit seniors for grassroots lobbying on issues affecting retirees.
- Ensure the government honors its commitments to seniors.
On Capitol Hill and in the media, TSCL champions seniors’ interests. They push for policy shifts to enhance healthcare access, cut drug prices, boost Social Security, and tackle other vital concerns facing older Americans. Their advocacy extends to tax relief and various critical issues impacting the elderly population.
The group surveys seniors, such as the annual Retirement Survey, to identify key issues for Social Security and Medicare beneficiaries. These results then guide TSCL’s legislative priorities.
TSCL is funded solely through donations and does not accept any government money. This allows the organization to remain an independent citizens’ action group.