News

  • Legislative Update June 2015

    The Senate, where Republicans hold the majority, has yet to make a decision as to whether to defer taxes for its employees. .Congress and President Obama are battling over the federal budget, but supporters in Congress aren& 8217;t about to forget Notch Babies. The Notch Fairness Act bills (H.R. 155) and (S.90) were introduced by Representative Mike McIntrye (NC-7) and Senator David Vitter (LA). They were among the first bills to be re-introduced in. TSCL Continues Working For Notch Reform TSCL has not given up our goal of Notch reform. In recent months we have been working with long-term Notch reform allies in Congress to ensure that Notch Babies& 8217;, needs are protected from deficit reduction plans that would affect people who are currently retired. .The TSCL study looks at the costs of goods and services that are typically purchased by most Social Security recipients. This includes expenditures such as the Medicare Part B premium, which is not measured by the index currently used to calculate the COLA, yet is one of the fastest growing costs that retirees face. Of the 39 items analyzed, 27 exceeded the COLA while 14 were lower than the COLA. … Continued

  • Legislative Update For Week Ending August 16 2013

    In his opening statement, Budget Committee Chairman John Yarmuth (KY-3) said: "[Social Security] is facing serious long-term funding shortfalls, with promised benefits facing cuts as high as 20 percent as soon as 2035 if Congress does not act. Cuts of this level would be devastating for the individuals who rely on Social Security … Congress has a responsibility to act and honor the promise of retirement security." .Finally, two new cosponsors – Representative Daniel Lipinski (IL-3) and Representative Glenn Grothman (WI-6) – signed on to the CREATES Act (H.R. 2212), bringing the total up to twenty-five. The CREATES Act, if adopted, would increase competition in the prescription drug industry by encouraging generic and biosimilar drug manufacturers to introduce their products to the market more quickly. .Only two weeks remain before the March 31st deadline, and at this point, it appears as though a temporary "doc fix" will be necessary. Sen. Hatch mentioned on Tuesday that lawmakers are currently considering a nine-month pay patch, which would mean that lawmakers wouldn't have to revisit the issue until after the November elections. Should lawmakers fail to reach an agreement on either a temporary or a permanent solution, doctors who treat Medicare patients will see a 24 percent pay cut, which would negatively impact seniors' access to quality medical care. … Continued

In the meantime, many Members of Congress will be attending local events and hosting town hall meetings in their home states and districts. The Senior Citizens League (TSCL) encourages its members and supporters to attend these events and to ask questions about their Social Security and Medicare benefits, such as the following … .Insurers make major changes in their plans every year, like increasing premiums, co-pays, dropping coverage and even closing plans altogether. But according to a survey conducted by TSCL earlier this year, less than 18 percent of respondents said they switched their Part D or Medicare Advantage health plan for 201Medicare's annual Open Enrollment period starts earlier this year -- on October 15th -- and ends December 7th. Medicare beneficiaries should start the process now to find out what their choices are and how much they could save with a new Part D or Medicare Advantage plan. .The President's order halts the collection of payroll taxes from Sept. 1 through the end of the year. In addition, he instructed the Treasury Department to look into how the government can forgive the deferred tax payment permanently because as things stand right now the taxes must be repaid after the first of the year. .The President's final memo waives all interest on student loans held by the federal government through the end of 2020 and allows people to delay payments until Dec. 3This will help those who are repaying student loans. .Under current law, the Social Security COLA is determined by the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This index surveys the spending patterns of younger working adults under the age of 62 and doesn't include the households of people who are retired. But older and disabled Social Security recipients allocate their budgets differently than younger working adults, spending a larger share of their income on medical and housing costs which, in many years, tend to rise faster than overall all inflation. .The Senior Citizens League's members nation-wide agree that the elimination of the medical expense deduction would be a significant loss for those living on fixed incomes. I encourage lawmakers to keep this critical tax deduction in place and to take a stand for older and disabled Americans as tax reform discussions continue in the days and weeks ahead. .Under a 2004 law, non-citizens who apply for benefits with a SSN assigned in 2004 and thereafter must have legal work authorization at some point in order to file a claim for benefit. But the law does not apply to aliens who received a SSN prior to January 1, 200Those non-citizens may be able to claim Social Security benefits without ever having legally worked. In fact, our government already pays Social Security disability and retirement benefits to non-citizen aliens and their dependents based on illegal earnings. The cost to Social Security of those payments was recently estimated to be 6 billion through 2040, according to Advisor editor and Social Security policy analyst Mary Johnson. .TREA Senior Citizens League Backs New Approach to Correcting the Notch .War Savings to Fund "Doc Fix" Extension?