• Legislative Update For Week Ending February 19 2016

    For the last few weeks we have reported on President Trump's executive order to allow employers to defer payroll taxes owed by workers, which funds Social Security and Medicare. TSCL is opposed to payroll tax cuts of any kind because they seriously jeopardize the financial viability of both programs. .On Tuesday, President Donald Trump addressed the nation in his first State of the Union. In his speech, the President reflected on the strong economic growth of the country and he shared his hopes for the year ahead. The President said he plans to push .5 trillion in infrastructure investments, to secure the southern border with Mexico, and to offer a pathway to citizenship for 1.8 million immigrants known as "Dreamers." .Please take time to participate in TSCL's much anticipated Senior Survey. TSCL's surveys have helped burst the all too common perception that Social Security benefit cuts are inevitable in order to achieve program solvency. TSCL surveys indicate that there is little support among older adults for proposals that would cut Social Security or Medicare benefits, or to replace these programs with private versions. TSCL will fight attempts to cut benefits, and that includes cutting COLAs reducing Social Security benefits or increasing Medicare costs. … Continued

  • Best Ways To Save August 2015

    This legislation will also create "Social Security Administration Senior Centers" as pilot projects in 10 SSA field offices that will work to streamline the application and delivery processes of federal, state and local programs that serve low-income elderly or disabled individuals. .The House-Senate conference committee reached a deal this week to extend the payroll tax break and unemployment benefits, and prevent a 27% pay cut to Medicare physicians. The agreement came after months of debate and only after Republicans dropped their requirement that the payroll tax extension be offset by spending cuts. .Beyond funding the government and raising the debt ceiling, TSCL was pleased that the Bipartisan Budget Act included the following three improvements to the Medicare program: … Continued

Single — your annual income is less than ,090 (,507.50 per month) and resources less than ,820 per year. .While the other two rulings went against the Trump Administration, this one was a win on a key piece of Trump's health-care agenda at the end of his administration. .The issue of physician choice and access to care for Medicare recipients arises time and again as Congress has taken last minute action to prevent drastic cuts to physician reimbursements. Only repeated, last-minute actions have saved doctors from substantial pay cuts. Cutting reimbursements for doctors has surface appeal because it does not require seniors to pay additional dollars out-of-pocket. However, there is a hidden cost. Physicians who live under constant fear of substantial cuts may opt to stop serving Medicare patients, resulting in loss of access to care for many seniors. .Earnings reports with incorrect or incomplete information have been a long–standing problem. They can be caused by something as simple as a transposed Social Security number, or a name change when a woman gets married or divorced. Accurate earnings are critical in order to calculate benefits for workers and their dependents. The most recent data indicates there has been a significant jump in both the number of these mismatched reports and the value of wages. SSA Inspector General Patrick P. O'Carroll stated in testimony before Congress that "we believe the chief cause of wage items being posted to the [earnings suspense file] instead of an individual's earnings record is unauthorized work by noncitizens."(8) .Passage of legislation in Congress is more complicated than most people realize. The Constitution allows each chamber of Congress to set its own rules for getting it done. .Finally, the Equal Treatment of Public Servants Act (H.R. 711) also gained one new cosponsor this week. Rep. Jared Nadler (NY-10) signed on to it, bringing the cosponsor total up to 10That bill, if signed into law, would repeal the Windfall Elimination Provision (WEP) while establishing a new formula for the non-covered earnings of future retirees. It would also create a separate formula for retirees who are currently affected by the WEP. TSCL believes H.R. 711 is a sensible step forward, and we hope it continues to gain strong support in the months ahead. .Source: "The 2018 Long-Term Budget Outlook," The Congressional Budget Office, June 2018. .If you have symptoms of COVID-19, follow the Centers for Disease Control and Prevention's guidelines, and speak to your medical provider. Your health care provider will advise you about whether you should get tested and the process for being tested in your area. .The Social Security Administration is required to withhold in benefits for each you earned above the limit until the year in which you reach full retirement age. The year in which you reach full retirement age, you are allowed to earn more. The amount you may earn is adjusted annually. In 2007 when you retired, it was ,960 (,080 per month) for retirees like you who were under full retirement age.