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  • Tag Cost Of Living Adjustment Feed

    On the other hand, critics of the proposal argue that people can't always determine the timing of the application for Social Security benefits. They say that people are often forced to retire earlier than planned due to health problems, layoffs, new technology, or needing to care for one's parent or spouse. They argue that raising the age for full benefits results in reducing the early, age 62 benefit even more than it already is today. .What is the purpose of this test? —Is the test being ordered for a possible (asymptomatic) disorder when you have no symptoms or clear sign of disease? Or, is it needed to confirm a suspected diagnosis? .While 401(k) plans have enjoyed a decade of relatively strong returns recently, these plans carry greater risk and place responsibility on individuals for saving, investment decisions, and management. "These are three skills sets that most of us have never adequately learned, much less ever expected to practice after we retired," says Johnson. "One simple mistake can affect your standard of living in retirement for years," Johnson says. … Continued

  • Would Obamas Executive Action On Immigration Help Social Securitys Solvency

    This week, lawmakers remained in their home states and districts for a week-long recess. They are scheduled to be back in Washington on Monday, May 7th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings. .In the 109th Congress, I co-sponsored legislation expressing CongressТ disapproval of the Totalization Agreement between the U.S. and Mexico because I believe it is imperative that we protect Social Security by preventing others from "gaming" the system. For this reason, I also co-sponsored the Illegal Immigration Enforcement and Social Security Protection Act of 2005, legislation aimed at cracking down on Social Security fraud. .Fiscal Cliff Negotiations Continue … Continued

To learn more about proposals that would affect your Medicare and Social Security benefits, to get tips on reducing your Medicare costs, and to sign up for TSCL's free online newsletter, The Social Security & Medicare Advisor, visit TSCL at . .Sertoma. This civic organization helps connect you with hearing assistance. To conduct a search, visit Sertoma. .At any rate, what this means is the legislation that TSCL is fighting to pass which would safeguard and improve Social Security and Medicare still has the possibility of passing this year. Most of those bills will involve new spending, which means they will need to be included in new funding legislation. .New Co-Sponsors Added .Congressional inaction on the debt ceiling is a growing concern of TSCL's for several reasons. If a default on the federal debt occurs, Social Security benefits would likely be delayed, and millions of seniors living on fixed incomes would suffer financially. In addition, doctors who treat Medicare patients would likely see postponements in their reimbursements from the federal government, and access to quality medical care would be jeopardized for beneficiaries. .Make no mistake: millions of American families and our entire economy depend on getting mature workers the right skills for today's jobs. We need them back at work, earning good salaries, investing in their retirement, mentoring young workers and driving our economy forward. .To address this issue, Senate Minority Whip Jon Kyl (AZ), suggested that the Committee focus on waste, fraud, and abuse, since it's a topic that generally has bipartisan support. He stated, "Some people fear the solution has to be a cut in benefits. There may be very substantial savings that can be achieved through efficiencies." Most at the hearing seemed to agree with him. .TSCL would like to remind you that Members of both the House and the Senate will remain in their home states and districts until Monday, September 10th. We encourage you to contact your Members of Congress to request their support for fair cost-of-living adjustments, Notch fairness, and other issues affecting seniors. .Analysts say that deeper Medicare cuts may be back on the table by the end of the year. One of the most controversial proposals would convert Medicare into a system called "premium support." Under the proposal, the government would allocate a fixed amount of money for Medicare beneficiaries' premiums; and people would then purchase coverage from private health plans that would provide all their care.