Benefit Bulletin September 2012
Please visit our Notch Reform Section for the most up-to-date information. .Recently we received the following from one of our readers: .What Is the Risk of Catching the Coronavirus on a Plane? … Continued
H R 4012 Seniors And Veterans Emergency Save Benefits Act
Contributing: Nathan Bomey and Robert Powell .This week, The Senior Citizens League was pleased to see support grow for two key bills that would strengthen the Social Security program. .The CBO recently evaluated a number of different policy options for changing Social Security, noting three broad approaches that have received considerable attention, including: … Continued
Warning: Scams prey on seniors and others .If Congress considers cuts to the COLA, changes in the benefit formula and increases in the retirement age, special attention will be needed regarding when changes would become effective and how they would be phased-in. The recession is already having a significant impact on the growth of Social Security benefits. If Congress cuts benefits, or reduces the growth in benefits during this slow recovery, it will likely produce a long lasting double-whammy effect for retirees. .The Senior Citizens League enthusiastically supports the Social Security 2100 Act and we look forward to working with Congressman Larson in the 116th Congress to help build additional support for his critically important bill. For progress updates, follow The Senior Citizens League on Twitter or visit the Bill Tracking section of our website. .Questions To Ask The Candidates At Your Next Town Hall .This week, lawmakers in the House and Senate remained in their home states and districts for a week-long holiday recess. They are expected to return to Washington on Monday, June 3rd. .TSCL is hopeful that SSA will add additional options for authentication quickly so that Social Security beneficiaries without cellphones can regain access to their online accounts. Congressman Sam Johnson (TX-3) – Chairman of the Ways and Means Social Security Subcommittee – sent a letter to SSA's Acting Commissioner Carolyn Colvin on Tuesday requesting swift action. He wrote, "I urge you to take a hard look at this new policy and make the changes necessary to ensure that mySocialSecurity has the right balance between security and access." .Although some people argue that the Congressional investigation against AARP was politically motivated, there is no escaping the fact that AARP's revenues from royalties – mostly from insurance sales – are more than two and half times higher than its membership dues (as of 2009). .I recently received an email with a link to a "Tax Loophole for Illegals" video claiming that the IRS had paid over billion in Child Tax refunds to illegal immigrants. Is this an Internet rumor? How can our government give away billions to illegals, when they don't pay any taxes? .What sort of income will your resources generate? Will the income generated by your retirement savings be enough to cover the loss of income, expenses, and taxes if any, if you die?