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  • How Has The Recession Affected Funding For Your Social Security And Medicare Benefits

    There's no need for such radical changes to the system in order to preserve Social Security for future generations. The Social Security system can be made solvent for generations to come by adopting some of the relatively modest policy changes proposed by the Social Security Trustees. We certainly shouldn't undermine the entire Social Security program with some harebrained privatization scheme that bankrupts Social Security in the short run and offers no guarantee of decent benefits in the long run. .Their new estimate says that universal masking in the U.S. could save some 130,000 lives by the end of February. .Payroll taxes, and the taxes that people pay on a portion of their Social Security benefits, are two major sources of program funding. The Social Security Trust Fund also receives interest payments from the U.S. Treasury for the money that the federal government has borrowed when the program was in surplus. In fact, the … Continued

  • Why Isnt There Any Cola Next Year When Medicare Costs Are Spiking

    As the number and scope of extreme weather events and disasters grow, some homeowners are learning that their insurance coverage doesn't provide all the protection they were expecting it to. According to Consumer Reports, the greater the damage costs, the higher the likelihood that there will be a disagreement over the claim, especially when you have a very large claim of ,000 or more. ."The Congressional Budget Office said in 2019 that the bill would likely hamper some pharmaceutical development due to lower ‘potential global revenues' but predicted that ‘the effects of the new drug introductions from increased federal spending under the bill on biomedical research would be modest and would almost all occur more than 20 years in the future.' On the other hand, it estimated that the bill would save more than 0 billion in drug spending over the next decade." .How You Can Get Help With Heating Costs … Continued

Terry Newell currently teaches leadership, decision - making, and ethics courses for a variety of organizations. He is the former dean of the Federal Executive Institute in Charlottesville, Virginia, and was the director of the Horace Mann Learning Center, the training arm of the U.S. Department of Education. .Background Information: Roughly 56% of older taxpaying households paid income taxes on a portion of their Social Security benefits this year, even though many of them only made twice the federal poverty level in income. Question: Do you believe this is fair, and if not, what should be done about it? .With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call 1-800-333-8725 for more information. .In addition, the Social Security 2100 Act would improve the program's solvency by applying the payroll tax to income over 0,000 and by gradually increasing the payroll tax rate from 6.2 percent to 7.4 percent – an extra fifty cents per week for the average worker. These two modest changes would ensure that the Social Security program remains solvent through the year 2100 and beyond. .I worked in a California city police department for 30 years and I'm now entitled to a pension. For the past 8 years, I've also paid into Social Security for. Q & 038; April/May 2020 How Much May I Earn in the Year I Turn Full Retirement Age? .The new scams were quick to arise, and deft in their effectiveness. For example, in March of last year, the Social Security Administration posted an alert about a scam claiming that economic impact stimulus payments may be suspended or decreased due to office closures related to the COVID-19 pandemic, which was a lie. .On the web: Here's the link to the WTHR TV "Tax Loophole" video or visit www.wthr.com. .With respect to security: When The Senior Citizens League transfers and receives certain types of sensitive information such as financial or health information, we redirect visitors to a secure server and will notify visitors through a pop-up screen on our site. .This week, one member of TSCL's Board of Trustees – Legislative Liaison Joe Kluck – visited Capitol Hill to advocate for legislation that would strengthen and improve the Social Security and Medicare programs. The following key issues were discussed in several meetings with Members of Congress and congressional staff this week: