Update For March 20 2021
TSCL believes several of the proposals under consideration would make the program unaffordable over time for the majority of beneficiaries. According to a new TSCL survey, more than one quarter of Medicare beneficiaries spend as much as 50% of their Social Security payments just to cover healthcare costs. TSCL recently delivered a listing of hundreds of thousands of petition signers from supporters to almost every Member of Congress and is continuing to convey concerns about plans to cut Social Security and Medicare. .CBO's current estimate of the Old Age and Survivor's Insurance fund's exhaustion date is 2031, one year earlier than its estimate was in 201If current laws generally did not change, CBO estimated the balance of the Disability Insurance fund would be exhausted in 2026. .Indeed, during the 2005 debate over Social Security reform, one of the leading proposals would make changes to the benefit formula similar to those made in 197The proposal would tie the calculation of the initial retirement benefit to changes in price inflation. According to an analysis of a leading proposal by the Congressional Budget Office, when benefits are charted on a graph as shown here, they illustrate a "precipitous decline" in benefits and an all too familiar "V" shaped Notch. … Continued
Will Widows Of Notch Babies Be Included Under Notch Reform Feed
Alexandria, VA (April 5, 2011) Congress is considering three major deficit reduction proposals that would make seniors pay even more for their Medicare than they do now. The debate over federal spending on Medicare is occurring at the same time a majority of seniors are reporting higher out-of-pocket Medicare costs, according to a new survey by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. Retirees received no annual cost-of-living adjustment (COLA) in both 2010 and 2011, leaving them with less Social Security income to cover much higher monthly bills. About 47 percent of respondents report receiving lower Social Security payments this year, and more than 60 percent said their overall monthly expenses had increased or more. .Key Bills Gain Support in the House and Senate .Annual vaccinations. While you don't want to skip annual exams and vaccines, you might be surprised to learn that many recommended vaccines are licensed to be effective for three years or more. However, all pets are different and some non-core vaccines may need to be given more frequently. State and local laws can affect how frequently some vaccines are given. Ask for a copy of your pet's vaccination records, if you don't already have them. Then check around for low-cost spay & neuter clinics that also offer discounted vaccinations. To learn more about discounted vaccines, contact your local SPCA, animal shelter, or local pet supply stores to learn what may be scheduled in your area. … Continued
Social Security provides the income and access to health care that seniors rely on each and every day. They are benefits my generation has earned – and future generations have been promised. We must work together and make sure our country keeps this promise. ."For those who don't like these executive actions, there's time to get to the table and back a legislative solution," Grassley said in a statement. "I will continue the fight in Congress until significant prescription drug pricing legislation becomes law. The next coronavirus relief bill presents the perfect opportunity for Congress to meet the moment." .For more information or to view a list of cosponsors, click here. .Gathering with unvaccinated people from more than one other household .The Senior Citizens League supports legislation that would allow Medicare to negotiate drug prices, and limit drug price increases to the rate of inflation. .Are you at risk of a notch in your Social Security benefits? A & 8220;notch& 8221; refers to inequality in benefits between people who are close in age and have similar earnings records. One birth group receives significantly more in benefits, sometimes thousands of dollars per year, than. Benefit Bulletin: March/April 2013 ,000 Notch Fairness Act Reintroduced .TSCL supports legislation that would raise the taxable maximum. "TSCL believes that cutting Social Security benefits can't be justified when moderate payroll tax adjustments can keep the system solvent for decades," says TSCL Executive Director Shannon Benton. "Requiring everyone to pay their full share would add years of solvency to the Social Security," Benton says. .As part of the economic stimulus bill just passed by Congress those sharp cuts have been put on pause. .On Tuesday, TSCL's Legislative Analyst, Jessie Gibbons, attended the Joint Select Committee on Deficit Reduction's first public hearing. The Committee heard testimony from Doug Elmendorf, Director of the Congressional Budget Office (CBO).