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    More information available on our website: .On Wednesday, just hours before funding for the federal government was set to expire, Congress passed a continuing resolution (CR) to avoid a shutdown like the one that occurred two years ago. The temporary fix will provide enough funding to last through December 11th. . Lisa Kiplinger, USA TODAY 8:41 a.m. EDT June 27, 2016 … Continued

  • Ask The Advisor June 2014

    About 30 percent of the "other than legal " immigrants who were living in the U.S., and age 62 in 2000, would be eligible to receive retiree benefits. .TSCL is highly concerned that the projected decline in Social Security revenues, along with the expected .5 trillion drop in general revenues caused by recent tax cuts, will create growing pressures to cut federal spending on benefits. The most frequently discussed changes include raising the eligibility age for benefits, imposing means testing, and slowing the growth of the annual cost-of-living adjustment (COLA) by tying the annual boost to the more slowly-growing chained consumer price index. .Be wary of the information from this acquaintance, and any claim that she has obtained the ,000. While it may be a simple misunderstanding, be careful of scams. Make sure your mom knows she should never give out her Social Security number over the phone to anyone or to anyone you meet who says that it's required in order to receive the ,000 settlement. … Continued

According to a recent TSCL poll, seventy-seven percent said they do not agree with the new "deferred action" immigration policy. TSCL supports the "No Social Security for Illegal Immigrants Act" (H.R. 787) introduced by Representative Dana Rohrabacher (CA-46), which would ban the use of earnings for jobs worked while illegal to determine entitlement. .Before Obamacare "Glitch," There Was The Notch Glitch .Budget Moves Through Committee .Despite the new endorsement from the Freedom Caucus, leaders in the House do not yet have the votes needed to win passage. On Thursday evening, House Majority Leader Kevin McCarthy (CA-23) told reporters, "We've been making great progress, and when we have the votes we'll vote on it." .The House passed the bill yesterday and the Senate is expected to take it up next week. .In reality, no Social Security reduction is small, because the loss compounds over time. The problem is especially unacceptable when this problem can be prevented by Congress in the first place. Individuals who were born in 1949 and who retired at age 66 with average benefits have lost about ,915 through the end of 2021, due to the reduction in the AWI in 200Their benefits today are about per month lower than what they otherwise would have received had they been born one year earlier. Even worse is the loss over time. Assuming that an individual lives to age 90, retirees born in 1949 would lose an additional ,297 in lifetime Social Security benefits—or even more, if their benefits are higher than average. This type of benefit reduction is known as a "notch" in benefits, and those affected might be referred to as the "1949 notch babies." .Last year, prescription drug prices grew by 12% nationwide. A rate that high hasn't occurred since 200What do you believe should be done to manage the growing cost increases of prescription drugs? .Each year SSA receives hundreds of millions of employer reported W2s. When Social Security receives a name or SSN on a W-2 that does not match SSA's records, the wage report goes into the ESF while the SSA attempts to reconcile the discrepancy. In recent years the file has been growing at an unprecedented pace—the fastest since the inception of Social Security in 1937. .Call your plan's mail-order service and compare the prescription costs, including any shipping. Often you can get a three-month supply of your prescription by mail for less money than you would pay for a one-or two-month supply purchased at a standard retail pharmacy, and pay nothing for shipping. But using mail order requires advance planning on your part because you need to allow up to two weeks for delivery.