The Cpi E Would Pay A 1 9 Cola Versus The 1 6 You Are Actually Getting
As a representative of thousands of senior citizens in Western Pennsylvania, and as a senior myself, I strongly believe that all Americans should be able to enjoy their golden years without financial or medical hardship. Retirement should be a time of great reward and good health, not unnecessary anxiety. As a member of the House Ways and Means Subcommittee on Social Security, it has been a priority of mine to work on policies that protect Social Security and ensure its long-term viability for all Americans who have paid into the system. Over the past several years, I have proudly worked with fellow legislators on both sides of the aisle to craft specific policy solutions that will benefit seniors everywhere. .Congress Fails to Reach Agreement – President Takes Action .We had no way to tell how much worse these scams were about to become. As a result of this pandemic, our legislative efforts must evolve just as these scams have. … Continued
H R 2154 Cpi For Seniors Act
The letter that TSCL delivered to congressional leaders this week urged lawmakers to begin immediate discussions about lifting the debt limit and preventing a default on the federal debt. Art Cooper – Chairman of TSCL's Board of Trustees – wrote: "Our supporters nation-wide hope you will act swiftly and responsibly to avert delays in Social Security benefits and payments to Medicare providers, and they will not tolerate additional cuts to their earned Social Security benefits." .The debts in question involved cases decades old, and debts many taxpayers never even knew about — for benefits that were paid to their parents or guardians when they were children. If an overpayment is made on behalf of a child (such as survivors benefits) the child could be held liable years later as an adult. .According to the group, the plan would reduce the deficit by trillion and it would save enrollees approximately ,500 per year, but it's controversial for two major reasons. First, it would completely eliminate traditional Medicare, whereas many other reform proposals would keep it as an option. Second, those already enrolled in Medicare would be affected by the transition, which would have a 2014 start date. Other reform proposals would delay implementation to protect seniors from any drastic or sudden changes. … Continued
In 2013 the Social Security Office of the Actuary released an actuarial note regarding providing information of the effects of unauthorized immigration on the status of the Social Security Trust Funds. The Office of the Actuary stated that it has difficulty "in determining what portion of taxes paid to and benefits received from the Social Security Trust Fund are derived from the earnings of immigrants working without authorization." The obtuse note was frustrating to dissect as there was no discussion on the reasoning behind assumptions and there was no attempt to estimate the long-term cost in Social Security benefits of unauthorized work. Here are some eye-opening points that the Office of the Actuary did provide: .Sixty-five percent of people surveyed by The Senior Citizens League support lifting the thresholds that subject Social Security benefits to taxation. The Senior Citizens League is seeking input from the public on this issue. To participate in a survey about Social Security and Medicare, visit . .The President ordered a payroll tax deferral, not a cut, meaning the taxes will not be collected for a while but they will still be due at a later date. However, some observers have suggested that rather than give employees the additional money and then try to collect it back from them at the end of the year, employers will simply hold onto the money so that the employees would never see it in their paychecks. .Help! I'm turning 65 soon. My daughter says I should sign up for Medicare, but I don't know what to do or where to begin. I work for a small company with 17 employees, where I get my health insurance now. About a week is currently taken out of my paycheck for premiums. My current health coverage isn't that good. It has a ,500 deductible and, because I'm still in good health, I've never been able to benefit. .TSCL Endorses Two New House Bills .Sources: "Social Security Benefits for Noncitizens," Congressional Research Service, July 20, 2006, RL32004. .The petitions that poured into Congressional offices this spring urged each Representative and Senator to support key bills like the Consumer Price Index for Elderly Consumers (CPI-E) Act, the Social Security Fairness Act, and the Notch Fairness Act, each of which would go a long way in protecting the earned benefits of seniors. The petitions also protested issues that our members feel strongly about, like amnesty for illegal immigrants and the pending Social Security Totalization Agreement with Mexico. .Benefits haven't kept pace with the cost of living and all changes that have occurred over the last 50 years. … .Changes in your earnings: Did you report increases in salary or commissions? You need to keep Social Security informed of higher earnings in order for your benefits to be accurately withheld.