With Colas Target Of Budget Cuts Seniors Question High Earner Tax Break 4
This week, Members of Congress returned to Washington to begin working on a temporary measure that would avert a government shutdown on October 1st. In addition, The Senior Citizens League (TSCL) announced its support for one new piece of legislation, and three key bills gained cosponsors. .The Super Committee deadline looms and two important bills for seniors are introduced. .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. … Continued
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TSCL's Endorsement Sought for Social Security Bill .In the weeks ahead, The Senior Citizens League will continue to advocate tirelessly for the adoption of the CPI-E Act (H.R. 1251). We will also be keeping a close eye on the 2019 Social Security COLA announcement that is set to occur next Thursday, on October 11th. For updates, follow TSCL on Twitter or visit the Legislative News section of our website. .In 1977, Social Security was close to bankruptcy. Legislation enacted in 1977 changed the way benefits were calculated, beginning with retirees who were born in 1917 and who first became eligible for benefits in 197The changes were major, and the transition between the old and new method of calculating benefits not only took place over a very short period of time, it did not work as anticipated. … Continued
We will get through this. .Within two years of enactment, the Government Accountability Office would report to Congress and the task force on the financial exploitation of older Americans, including the associated economic costs, contributing factors, unreported cases, and policy responses. .Alexandria, VA - August 11, 2012 -- Low-income seniors on Medicare who also receive Medicaid services should be vigilant in checking their health plans in the coming months. This advice comes from the Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. Tests are underway in up to 26 states to move as many as 3 million "dual eligibles" — people who receive both Medicare and Medicaid — into managed-care health plans. The object is to improve healthcare and lower government spending. .According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. .TSCL supports H.R. 4012 enthusiastically, and we were pleased to see two new cosponsors sign on to it this week. We will be advocating for the passage of H.R. 4012 and S. 2251 – Sen. Elizabeth Warren's (MA) companion bill – tirelessly in the coming months because we know that a 3.9 percent COLA would provide much-needed relief to our members and supporters next year. .This week, President Obama released his fiscal 2015 budget blueprint. In addition, The Senior Citizens League's (TSCL's) Board of Trustees traveled to Capitol Hill to meet with four lawmakers and their top aides, and TSCL saw . .— have few or better yet — no health problems, and .Traveling Is Still a Danger .Some policy analysts argue that the "chained" CPI is more accurate, but the Congressional Budget Office has stated that using that index has limitations. Unlike the conventional consumer price index in which final data from one month to the next is available in about two weeks, final data for the chained CPI isn't available until well over a year and a half. "That means preliminary estimates that are subject to error would have to be used for indexing," Johnson explains.