We’re living longer and happier in the 21st Century, says AMAC
WCCOA countywide event entitled, “Dreams”
Subject: Poetry Contest Winners proclaimed in a countywide event entitled, “Dreams” For more information call: Danielle Brogley, Director of Programs, at 419-353-5661 or email firstname.lastname@example.org Bowling Green, OH (April 20, 2019) –The Wood County Committee on Aging, Inc. held its fourteenth annual poetry banquet and drew in nineteen entries from all over Wood County. The theme this year was “Dreams.” The poems share stories of life, hope, dreams and love. We were looking for poetry that, in some way, celebrates the heart and souls of members of Wood County as they continue to celebrate their lives.
The declared winner was Vernagaye Sullivan of Wayne, Ohio, author of “End of a Dream.”
End of a Dream
A Caribou on a Wall,
So sad to see
Mere reminder of life,
Of pulsing energy, halted
Of continuance ended
On the path to extinction
The winner selected will receive a $50 gift card provided by Kathryn Williams, Independent Insurance Agent, Specializing in Medicare Products, Licensed in OH, IN, MI, NC, TX
When asked about judging the Poetry Contest, Bowling Green State University General Studies Writing Instructor Chad Michael Van Buskirk commented, “This was an especially rewarding collection of poems. Judging the poetry contest was a wonderful opportunity to engage with the fascinating and meaningful experiences and insights of our community’s older adults.´ Another special thank you goes to Jessica Zinz-Cheresnicks from BGSU for judging this collection of poems.
The Wood County Committee on Aging would like to extend a sincere thank you to all of the entries for their contributions to the contest. The contest committee would like to extend a special thank you to Bowling Green State University for assisting with the judging of the entries. To read the winning poems visit our blog at http://woodcountycommitteeonaging.blogspot.com
Ask Rusty: Windfall Elimination Provision (WEP) Affects State Retiree
Ask Rusty: Windfall Elimination Provision (WEP) Affects State Retiree
Dear Rusty: I have a question in regard to the “windfall act.” I am receiving a pension from the State of Nevada. I retired from the State, and did not pay into Social Security, but I worked in the private sector before and am currently working in the private sector. My question is: How much “penalty” will I be subject to when I decide to finally hang it up?
Signed: State Retiree
Dear State Retiree: The State of Nevada is one of 27 states which, for all or some employee categories, do not participate in the Federal Social Security (SS) program; rather their State pensions are designed to provide a retirement benefit in lieu of Social Security. Because you receive a Nevada state pension and have also worked in the private sector long enough to be entitled to a Social Security (SS) benefit, your SS retirement benefit, when you claim it, may be reduced by the Windfall Elimination Provision (WEP), with the amount of reduction based upon how many years of substantial SS-covered earnings you have.
If you have 20 or fewer years of SS-covered employment, here’s how WEP will affect your Social Security benefit:
Your actual benefit amount is based upon your “primary insurance amount” (PIA), which is computed using the average monthly earnings from the 35 highest earning years over your lifetime, known as your Average Indexed Monthly Earnings or “AIME” (only earnings up to the maximum payroll tax cap for each year are counted). Your PIA is the Social Security benefit you are entitled to at your full retirement age.
Normally, when WEP doesn’t apply, your Social Security benefit amount is computed by taking the monthly average of those 35 inflation-adjusted years of earnings (your AIME) and using a standard formula to arrive at your PIA. That formula includes using 90% of the first part (called a “bend point”) of your AIME to be the first portion of three used to arrive at your PIA amount.
For those first becoming eligible for benefits in 2019 (usually at age 62) that first bend point is $926, which means that $833 (90%) would normally be the first contribution to your PIA. But when WEP applies, the formula is different; instead of using 90% of that first bend point, if you had 20 or less years of covered-SS substantial earnings they use 40%, which would mean that the first bend point would add $370 to your PIA amount instead of $833, a reduction of $463.
Remember that the bend points used are those for your year of Social Security eligibility, not for the year you claim benefits.The percentage used to compute that first “bend point” goes up by 5% for each year over 20 years of substantial SS-covered earnings you have – for example, if you have 22 years of SS-covered substantial earnings, the formula would use a 50% multiplier instead of 40%. And at 30 years of SS-covered earnings you’re no longer affected by WEP.
WEP can’t reduce your PIA by more than half of your NV pension amount, and there is also a maximum WEP reduction which might apply. And finally, please note that any benefit estimates you might get from Social Security now will not include the WEP reduction, which will be applied only when you actually claim your Social Security benefits.
This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity.
NB Senior Center represented….
Walbridge, Oh (April 19, 2019) – Wood County Committee on Aging, Inc. (WCCOA) held the annual Wii Bowling Tournament on Friday, April 12, 2019 at the Walbridge Public Library. The event, which has taken place each June for the past ten years, draws in participants from all over the county. They Wii Bowl for 4 hours and enjoy lunch together. The lunch was sponsored by Kingston of Perrysburg and Right at Home.
Ten teams participated in the tournament, including six teams from the Northeast Area Senior Center and Walbridge Area, one from the Perrysburg Area Senior Center, two from the Pemberville Area Senior Center and one from the North Baltimore Area Senior Center.
The annual event tests participants’ bowling skills in a high tech environment using the Wii system. The event encourages participants to work together and ensures that they are supporting and cheering on other senior center sites as well.
The double elimination event ended with the Perrysburg Team being undefeated. Their final score was 23 after battling it out against the Walbridge team called “The Fireballs.” The Fireballs consisted of Hank Benavides, Kathy Wagner, Cheri Baldwin, Paula Seltzer, and Jim Fuleky. Their score was 226.
The winning team from Perrysburg consisted of five individuals: Cathy Wyss, Sharon Filipovich, Joe Filipovich, Shelia Biagioni and Darlene Doxie.
Disability Fund Shows Strong Improvement—Twenty Years
Social Security Combined Trust Funds Gain One Year Says Board of Trustees
Disability Fund Shows Strong Improvement—Twenty Years
The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2035, one year later than projected last year, with 80 percent of benefits payable at that time.
The OASI Trust Fund is projected to become depleted in 2034, the same as last year’s estimate, with 77 percent of benefits payable at that time. The DI Trust Fund is estimated to become depleted in 2052, extended 20 years from last year’s estimate of 2032, with 91 percent of benefits still payable.
In the 2019 Annual Report to Congress, the Trustees announced:
- The asset reserves of the combined OASI and DI Trust Funds increased by $3 billion in 2018 to a total of $2.895 trillion.
- The total annual cost of the program is projected to exceed total annual income, for the first time since 1982, in 2020 and remain higher throughout the 75-year projection period. As a result, asset reserves are expected to decline during 2020. Social Security’s cost has exceeded its non-interest income since 2010.
- The year when the combined trust fund reserves are projected to become depleted, if Congress does not act before then, is 2035 – gaining one year from last year’s projection. At that time, there would be sufficient income coming in to pay 80 percent of scheduled benefits.
“The Trustees recommend that lawmakers address the projected trust fund shortfalls in a timely way in order to phase in necessary changes gradually and give workers and beneficiaries time to adjust to them,” said Nancy A. Berryhill, Acting Commissioner of Social Security. “The large change in the reserve depletion date for the DI Fund is mainly due to continuing favorable trends in the disability program. Disability applications have been declining since 2010, and the number of disabled-worker beneficiaries receiving payments has been falling since 2014.”
Other highlights of the Trustees Report include:
- Total income, including interest, to the combined OASI and DI Trust Funds amounted to just over $1 trillion in 2018. ($885 billion from net payroll tax contributions, $35 billion from taxation of benefits, and $83 billion in interest)
- Total expenditures from the combined OASI and DI Trust Funds amounted to $1 trillion in 2018.
- Social Security paid benefits of nearly $989 billion in calendar year 2018. There were about 63 million beneficiaries at the end of the calendar year.
- The projected actuarial deficit over the 75-year long-range period is 2.78 percent of taxable payroll – lower than the 2.84 percent projected in last year’s report.
- During 2018, an estimated 176 million people had earnings covered by Social Security and paid payroll taxes.
- The cost of $6.7 billion to administer the Social Security program in 2018 was a very low 0.7 percent of total expenditures.
- The combined Trust Fund asset reserves earned interest at an effective annual rate of 2.9 percent in 2018.
The Board of Trustees usually comprises six members. Four serve by virtue of their positions with the federal government: Steven T. Mnuchin, Secretary of the Treasury and Managing Trustee; Nancy A. Berryhill, Acting Commissioner of Social Security; Alex M. Azar II, Secretary of Health and Human Services; and R. Alexander Acosta, Secretary of Labor. The two public trustee positions are currently vacant.
View the 2019 Trustees Report at www.socialsecurity.gov/OACT/TR/2019/.
Federal, state and local authorities must act;family members, too, need to get involved
Ask Rusty – Social Security’s “First Year” Rule
National Healthcare Decisions Day event on April 18…..
Social workers and care navigators from Blanchard Valley Health System (BVHS) will offer a brief presentation regarding advance care planning and advance directive forms at a National Healthcare Decisions Day event on April 18 from 9 to 11 a.m. This event will take place at 50 North, located at 339 East Melrose Avenue, Findlay. The presentation will also provide individuals with assistance in the completion of advance directives.
In an effort to highlight the importance of advance health care decision-making, BVHS and 50 North, along with other organizations across the nation, will provide information and tools for the public to discuss their wishes with family, friends and health care providers. Additionally, individuals will learn to execute written advance directives (health care power of attorney and living will) in accordance with Ohio state laws.
“With this event, more people in our community will be equipped to have thoughtful conversations about their health care decisions and complete reliable advance directives to make their wishes known,” said Niki Sidle, LISW-S at Bridge Home Health & Hospice, a division of BVHS. “Fewer families and providers will have to struggle with making difficult health care decisions in the absence of guidance from the patient. Providers and facilities will be better prepared to address advance health care planning issues before a crisis and better honor patient wishes when the time comes.”
For more information, call Bridge Home Health & Hospice at 419.423.5351.
Social Security Matters
classes targeted toward preventing falls….
Bowling Green, OH (March 21, 2019) – The Wood County Committee on Aging, Inc. (WCCOA) will be holding a “Matter of Balance” course at the Wood County Senior Center (at 305 N. Main Street, Bowling Green) every Tuesday from March 26 to May 14, from 1 to 3 p.m. This course lasts for six (8) weeks, and costs $15 to participate.
Are you experiencing a fear of falling? Are you limiting your activities due to this fear? Are you becoming physically weak? If you answered “yes” to any of these three questions, A Matter of Balance is for you! During this class participants will learn to view falls as controllable, set goals for increasing activity, make changes to reduce fall risk at home, and exercise to increase strength and balance. Participants will receive a manual for training purposes and a certificate upon completion of the course.
This course is sponsored by Aetna Better Health of Ohio.
Please contact the Programs Department of WCCOA to register by calling 419-353-5661 or 1-800-367-4935, or by e-mailing email@example.com
The mission of the Wood County Committee on Aging, Inc., shall be to provide older adults with services and programs which empower them to remain independent and improve the quality of their lives.
For information on programs and services, please contact the Wood County Committee on Aging, Inc., at (419) 353-5661, (800) 367-4935 or www.wccoa.net.
It’s that time of year…
NBHS 50 YEAR ALUMNI BANQUET in peril… HELP is NEEDED!!!
NBHS 50 YEAR CLUB BANQUET in peril
The first Saturday in June has been the traditional day for the North Baltimore High School 50 Year Club.
Larry Slaughterbeck reports that “This year we have a serious problem – we have only 2 volunteers to help on this event! It appears that this may be the last (final) 50 – Year Club Dinner unless several alumni step forward to help. It actually doesn’t involve many hours.”
Larry adds, “Kathy Eninger has taken it on her shoulders to make sure that we will have a banquet this year. She is in need of several volunteers to help her.
If you are interested in this very nice event continuing PLEASE—call Kathy at (419)257-2159 or email her
The North Baltimore High School Alumni Association is a separate entity from what became known as the “50-year Club”, that has been organized for the past many years by Jan Dukes and a small group of volunteers.
The Alumni Assn. organizes the Annual Alumni Dinner the Friday evening prior to GOST at the end of July, also held at the legion. The alumni
The Alumni Assn. Committee Co-Chairs:
Jeff (’73) & Sue (Benedict ’75) Miklovic and Don (‘75) and Tami (Bibler ’79) Thomas. Jill (Shaffer ’72) Guy is the Treasurer.
E-mail: firstname.lastname@example.org for information or with questions!