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Saturday, January 19, 2019

If You’re Over 50, Leaving Your Job May Not Be Voluntary

Reprinted with permission from ProPublica.

 

Tom Steckel hunched over a laptop in the overheated basement of the state Capitol building in Pierre, South Dakota, early last week, trying to figure out how a newly awarded benefit claims contract will make it easier for him do his job.

Steckel is South Dakota’s director of employee benefits. His department administers programs that help the state’s 13,500 public employees pay for health care and prepare for retirement.

It’s steady work and, for that, Steckel, 62, is grateful. After turning 50, he was laid off three times before landing his current position in 2014, weathering unemployment stints of up to eight months.



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Few Of Us Are Even Remotely Prepared For Elder Care

Reprinted with permission from Creators.

 

It often starts off easy. For me it did. An elderly friend needed some help with food shopping and dealing with the cable company. He has no family to speak of, and his close friends have died. Pushing 90, his thinking had obviously slowed, but he could still shave, bathe and dress.

So I volunteered to run some errands. No big deal. I’d drive him to doctors’ appointments and pick up drugs. When he was diagnosed with multiple myeloma, I started taking him to the cancer center for infusions.

But as his three prescriptions swelled to seven prescriptions (he also has heart issues), he needed someone to manage the medications.…

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Social Security Is Strangling Seniors With Flawed Math

Reprinted with permission from AlterNet.

 

As a result of inflation, people on fixed incomes find that their incomes decline in value over time. One extremely important feature of Social Security is that its benefits are adjusted every year automatically to offset increases in inflation so that the modest, but vital, benefits do not erode over time. It is important to understand that these adjustments are not increases. They are intended to simply allow people to tread water, to maintain their purchasing power.

Unfortunately, the government’s cost of living adjustment for Social Security is based on inflation experienced by workers, not by retirees and people with disabilities who are unable to work.…

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