News

  • Congressional Corner February March 2018

    Julian Tang, an honorary associate professor in the Department of Respiratory Sciences at the University of Leicester in England, said he is aware of several clusters of infection related to air travel. However, it is challenging to prove that people have caught the virus on a flight. .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. .But while the temporary payroll tax cut won't affect Social Security's finances, it also won't change the need to put the Social Security system's finances on a sound footing for future generations. Over the last 30 years, proposals have been made to allow future workers to put some of their Social Security contributions into "personal" or "privatized" investment accounts – with the hope of getting more money back than they would get from Social Security as we know it today. … Continued

  • Category Issues Cola Articles

    The plan would reform the tax code by consolidating the six existing brackets into three, and by setting the corporate tax rate at an even 28 percent. It would also make some major modifications to Medicare, including a repeal of the Sustainable Growth Rate for physician payments, and a strengthening of the controversial Independent Payment Advisory Board. The proposal also includes a plan to restore Social Security to 75-year solvency by raising the retirement age, increasing the taxable maximum wage cap, and adopting a Chained Consumer Price Index, among other things. .Click here for more information about our legislative agenda. There you can also sign a petition to your Members of Congress, view bills that have been recently introduced in the House and Senate, and stay updated with the latest news on Capitol Hill. .You can gather indoors with fully vaccinated people without wearing a mask. … Continued

Democrats want to be able to pass President Biden's economic stimulus/COVID-19 relief bill, but it is highly unlikely they could get 10 Republicans to vote for the bill. .The market cap of Moderna, a small Boston-area company that has partnered with the National Institutes of Health in the vaccine race, has since Feb. 20, to billion from billion, turning its chief executive into an overnight billionaire. While Moderna's vaccine is regarded as a strong contender, the company has. .These higher Medicare Part B premiums, in turn, contributed to ongoing flat growth in Social Security benefits in subsequent years — even when a 2 percent COLA became payable two years later in 201The Medicare Part B premium took the entire 2 percent COLA of about half of all beneficiaries — the half with lower benefits. Many beneficiaries did not see any growth in their net Social Security benefits until they received a 2.8% COLA in 2019. .Call your local State Health Insurance Assistance Program (SHIP) and ask for free counseling from a Medicare counselor. You can find local contact info here: https://www.shiptacenter.org. Many of these programs operate through local agencies on aging or senior services departments. Counselors can help you over the phone from home. .The Part D doughnut hole will be "closed" in 2020, but that doesn't mean that your out-of-pocket spending will stop. To the contrary, an unprecedented spike in Medicare's required out-of-pocket costs means you may pay more than you did in 201You will hit the former coverage gap around October or November, depending on whether the price of your prescription goes up. .For tax year 2021, families claiming the Child Tax Credit will receive up to ,000 per qualifying child between the ages of 6 and 17 at the end of 202Under prior law, the amount of the credit was up to ,000 per qualifying child under the age of 17 at the end of the year. .Even though I'm not on Medicare yet, these new quality initiatives will, one way or another will affect most patients, even those like me who are still under the age of 65 as doctors reorganize. I felt dumped. .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. .I'm grateful for TSCL's work as guards and advocates to help us keep up with all that affects what we have to rely on. I've often used the information from this website to contact my Congress members and the President to let them know where we stand on issues, and that as retirees, we are the largest and most consistent voting bloc that crosses all party lines. — Mr. & Mrs. Lance Colvin, WA