News

  • Congressional Corner Congress Must Start Making Rural Healthcare A Priority Feed

    The overpayment amount that the Social Security Administration is claiming in your case may be due to several reasons. Here are some things that may affect you: .If adopted, H.R. 1553 would base annual Social Security cost-of-living adjustments (COLAs) on the Consumer Price Index for Elderly Consumers (CPI-E). ."Switching to the chained CPI would have a long-term impact on the ability of Social Security COLAs to prevent an erosion in the buying power of benefits," states TSCL Social Security policy analyst Mary Johnson. "The index, known as the Chained Consumer Price Index for all urban consumers (C-CPI-U), would reduce benefits by roughly 7 percent over a 30 - year retirement," Johnson stated in an analysis prepared for TSCL. … Continued

  • The Senior Citizens League Weekly Update For Week Ending February 7 2020

    Here's a closer look at the Medicare proposals: .TSCL supports several bills that would lead to lower prices for Medicare Part D beneficiaries, and we will continue to seek out innovative solutions that would increase access to lifesaving prescription drugs. The goal remains to ensure safe and affordable medicines for older Americans. .Now we are looking for viral deliverance when drug development is one of the world's most lucrative businesses, ownership of drug patents is disputed in endless court battles, and monopoly power often lets manufacturers set any price, no matter how extraordinary. A new cancer treatment can cost a half-million dollars, and old staples like insulin have risen manifold in price to thousands of dollars annually. … Continued

Key Social Security Bill Re-Introduced .On Wednesday, TSCL's Board of Trustees, along with former Congressman David Funderburk and Mrs. Betty Funderburk, and legislative analyst Jessie Gibbons, held meetings on Capitol Hill in six Congressional offices. TSCL's dedicated, all-volunteer Board of Trustees consists of the following members: chairman Larry Hyland, vice-chairman Tom O'Connell, secretary Charlie Flowers, treasurer Ed Cates, political action committee (PAC) treasurer Michael Gales, and board liaison and president of The Retired Enlisted Association (TREA) Arthur Cooper. .Paying heating or cooling bills, .If signed into law, the Social Security Fairness Act would repeal the windfall elimination provision (WEP) and the government pension offset (GPO), which have long prevented certain civil servants from receiving the full Social Security benefits they have earned. TSCL believes these two provisions should be repealed, and we were pleased to see support grow for the Social Security Fairness Act this week. .Guarantee a minimum COLA of no less than 3 percent. .Inflation has been at historic lows in recent years and seniors received a 1.7 percent COLA this year. "For every 0 worth of expenses seniors could afford in 2000, they can afford just today," says study author and Advisor editor Mary Johnson. .So, what should those who have received the Covid-19 vaccines do now? .The Social Security Administration calculates benefit withholdings based on the amount you report that you will earn for the year, and then will withhold all benefit payments for a certain period of months to cover excess earnings. For example, say you received a Social Security benefit payment of 0 per month in 2007 (,800 for the year). Let's say that during 2007 you worked and earned ,450 or ,490 over the earnings limit (,450 - ,960). Social Security would withhold ,745 in benefit payments covering slightly more than 6 months of your payments. .I've been out of work since late March. The company that I was working for is in the process of declaring bankruptcy, and I haven't found a new job yet. I turn 64 in two months, but if I start Social Security. Ask the Advisor: August 2020 Is Taking a Loan Against Your Social Security Benefits a Reasonable Option When You are Out of Work?