The Social Security Administration has announced an 8.7% boost in monthly benefits starting in January. The cost of living adjustment is the largest since 1981.
Minnesota 6th District Congressman Tom Emmer says social security funding is scheduled to run out within the next ten years. He says he believes they have thoughtful people on both sides of the aisle that won't let social security funding run out.
The future of Medicare has been a hot topic on the campaign trail this election season. St. Cloud financial adviser Mark Reimer says he believes Medicare is a good system, and a necessary benefit for seniors.
Senator John Pederson (R-St. Cloud) says an act introduced earlier this week would make it easier for seniors to stay in Minnesota and enjoy their retirement.