News

  • Weekly Update For Week Ending August 14 2020

    TSCL is supportive of both of Rep. DeFazio's bills, and we were pleased to see support grow for them this week. .These laws affect state or local government workers in twenty-six states and teachers in fifteen states, because their employers do not withhold Social Security taxes from their salaries. The GPO affects public servants who are entitled to Social Security spousal or survivors benefits based on the work history of a husband or wife. Often, the benefits to which they are entitled are eliminated altogether. The WEP affects those public servants who have earned pensions from their state or local government, but have also paid into Social Security through previous employment. Their earned Social Security benefits are often unfairly reduced by one-half or more. .Radical Medicare Overhaul Proposal In Senate … Continued

  • Legislative Update Tscl Invited To Testify About 966 Billion Social Security Loophole

    The 30 percent of beneficiaries who are not protected by hold harmless include: .If they are not included, we will continue to fight for them next year and each year until we are successful. .This week, lawmakers remained in their home states and districts for a week-long recess. They are scheduled to be back in Washington on Monday, May 7th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings. … Continued

Use tools on www.medicare.gov. The Medicare website offers data bases that allow you to compare health plans and Medigap policies available in your area. There is also a drug plan finder. You will be able to find a significant volume of information, but much of it may appear difficult for the layman to interpret. Don't despair. Grit your teeth, print out information, and read it through. .The benefit reduction would be caused by a feature of the Social Security benefit formula that is sensitive to economic recessions and high unemployment. The first step in calculating benefits is to adjust the individual's earnings using the average wage index (AWI) in order to convert the value of past earnings into today's dollars. The AWI is also used to adjust the earnings levels that determine the portion of their average monthly earnings that people are allowed to keep as their benefit. .He gradually gained backing from more of his fellow Republicans in the Senate, often persuading them one-by-one to make shows of support since last summer. Democrats in the Senate were essential to getting the legislation even out of the Finance Committee, which approved it with the support of 13 Democrats and six Republicans in July 2019. .I read your story about a potential Social Security benefit cut affecting people who were born in 1960. Has Congress taken any action yet to correct this? .The issue is of huge importance. Feds Shut Down .2 Billion Medicare Scheme — Finally , editor .For more information about legislation that would strengthen the Social Security and Medicare programs, visit the Bill Tracking section of our website. For frequent updates from TSCL on Capitol Hill and to view photos from this week, follow us on Twitter. .In 2015, after a national coalition of senior advocacy groups (including TSCL) demanded action, Congress reduced the increase in Part B premiums from 9.30 per month to 1.80 per month, which was still a very high increase of 16.1 percent. The premium included a "repayment" amount that was added to monthly premiums of all beneficiaries in future years to recover the cost of the reduced premium rate in 2016 over time. .In recent years the Earnings Suspense File has been growing at an unprecedented pace. A spokesman for the Department of Homeland Security, Russ Knocke, was recently quoted as saying that, last year, as many as 10% of the wage reports received by the Social Security Administration (SSA) belonged to employees whose name and Social Security number did not match those of SSA. .Rep. Phil Roe (TN), who served as a witness at the Energy and Commerce hearing, introduced legislation in January to repeal the IPAB. The bill currently has bipartisan support and more than 160 cosponsors. While some, including President Obama and his Fiscal Commission, have proposed strengthening the authority of the IPAB, most at this week's hearings expressed their support for legislation that would eliminate it.