Legislative Update For The Week Ending August 12 2011
Despite the coronavirus emergency, TSCL is continuing its fight for you to protect your Social Security, Medicare, and Medicaid benefits. We have had to make some adjustments in the way we carry on our work, but we have not, and will not stop our work on your behalf. .First, one new cosponsor – Representative David Cicilline (RI-1) – signed on to the Protecting and Preserving Social Security Act (H.R. 3302), bringing the total up to twelve. If adopted, H.R. 3302 would improve the Social Security cost-of-living adjustment (COLA) by basing it on the Consumer Price Index for the Elderly (CPI-E). It would cover the cost of this change and improve the solvency of the Trust Funds by ensuring that high income earners pay their fair share of taxes into the program. .However, the statisticians behind it at the University of Washington have since changed their methods, and they now estimate that doing away with social distancing measures could entail vast numbers of deaths, and that widespread mask-wearing in public could save tens of thousands of lives. … Continued
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(Washington, DC) – Older Americans are not to blame for an exploding federal budget deficit warns The Senior Citizens League. "Congress can't cut taxes by an estimated .7 trillion and then turn around and blame rising deficits on ‘entitlements' and aging," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League. .This week, lawmakers remained in their home states and districts for a week-long spring break. They are expected to return to Capitol Hill on Monday, March 2In the meantime, many Members of Congress will be hosting town hall meetings, which The Senior Citizens League (TSCL) encourages its supporters to attend. .Social Security benefits are one of the few sources of retirement benefits to be adjusted for inflation. The intention is to protect the buying power of benefits when prices increase. But retirees frequently notice that over time their Social Security benefits don't buy as much as they used to. This happens when the annual COLA doesn't keep pace with the increases in costs typically experienced by older and disabled beneficiaries. … Continued
Give family recipe or ethnic specialty cooking lessons. As a child I learned how to make Pennsylvania German egg noodles from scratch from my grandmother. These were a highly treasured holiday gifts. My arms still ache remembering how long I had to roll the dough to get those noodles thin enough for my grandmother! Give out an invitation to special grandchildren or friends for lessons in making favorite traditional foods from scratch. .Candidates campaign for office saying they don't support cutting Social Security benefits of current retirees, or those close to retirement. Yet the two recently - enacted changes went into effect almost immediately after passage. People who are under the age of 66 by the end of April 2016 may no longer use file and suspend, and those who were under the age of 62 by the end of 2015 will no longer be able to use restricted applications for spousal benefits. .Congress recently enacted legislation that ended two so-called Social Security benefit "loopholes" — known as "file and suspend" and "restricted application." Details about the changes, which affect some married couples and took effect on April 30th, 2016 — can be found in the Social Security Q & A. .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. .Is Life Insurance After Starting Social Security Worth the Money? .The credit will include children who turn age 17 or who are under that age in 2021. .TSCL supports several bills in the House that would strengthen your Social Security benefits by indexing the COLA using the CPI-E. Visit us at www.SeniorsLeague to learn the latest on this legislation and what you can do to help move this legislation in Congress! ."Sorting this out isn't easy for most seniors or family members who try to help them," Johnson admits. "Medicare Part D can befuddle all of us," Johnson says. "But comparing plans saves so much -- where else are you going to get this sort of return for your time?" Johnson wryly notes. "Just do it. If you don't have computer access, or just are not sure how to start, get the help of a Medicare benefits counselor from your State Health Insurance Program (SHIP), " Johnson urges. Many of the programs operate through local Area Agencies on Aging or you can call the Eldercare Locator at 1-800-677-1116, or call Medicare at 1-800-MEDICARE ( 7). .Seniors have lost almost one-third of their buying power since 2000, according to the 2013 Annual Survey of Senior Costs, conducted by The Senior Citizens League (TSCL). TSCL's latest report adds fuel to the heated debate over controversial budget proposals to cut Social Security cost-of-living adjustments (COLAs).