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June 2005 Essma
Social Security Trustees Estimate 2006 COLA 2% - TSCL Fights COLA Cuts For Social Security Reform Seniors will get little help from their Cost-Of-Living Adjustment (COLA) next year to cover the expected jump in Medicare costs. Social Security & Medicare Questions Q: I teach high school, but I was an engineer for 10 years and paid into Social Security. I have California STRS (State Teachers’ Retirement System) contributions deducted from my paycheck. I have been told that I will get all of my STRS benefits but only a portion of the Social Security when I retire. What is going on? Ask the Advisor: What Proposals Does TSCL Support to Protect Social Security's Financing? Q: I am against privatization. A few years ago friends who were depending on income from investments to live on in their retirement were forced to cut back drastically as interest rates and stocks dropped. Bush keeps saying "you can pass it on to your children," but the only way you can do that is if you die before you retire. In order to make sure you didn’t outlive your income, private account holders would have to purchase an annuity. What proposals does TSCL support to improve Social Security’s financing? My Social Security Number is "000-000-000" TSCL Asks Why Is Our Government Accepting This? More and more immigrants apparently are receiving credit for Social Security based on unauthorized work while illegal. TSCL Member Benefits The Benefits of Membership in TSCL! RxSavings Plus. Save up to 55% on prescription drugs. Congressional Corner: Social Security Reform Social Security is a hot topic in Congress these days, and with good reason. Notch Bulletin: Medicaid Cuts Would Impact Heavily on Many Notch Babies Congress is debating cuts to Medicaid that could impact heavily on Notch Babies Do You Qualify for Government-Provided Medicare Prescription Drug Assistance? Watch your mailbox this summer. Legislative Update: Do We Have the Wrong Idea About Social Security Trust Fund? Why doesn't the government just repay the money that has been borrowed from the Trust Fund? 15% Medicare Part B Premium Increase Exceeds Estimates -- TSCL Concerns Grow Over Senior Costs Under New Medicare Drug Law Medicare Part B premiums will take another hefty jump next year.
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