News

  • Ask The Advisor Do Members Of Congress Pay Into Social Security

    To stay updated on the progress of prescription drug legislation, check back every Friday morning to read our weekly Legislative News summary. .The overpayment amount that the Social Security Administration is claiming in your case may be due to several reasons. Here are some things that may affect you: .home care. Concerns have been raised that health plans may not have adequate capacity to handle enrollment of large numbers of dual eligibles en masse in 201In addition, the Medicare Payment Advisory Commission (MedPac) has said that only a limited number of health plans have any experience managing benefits for this complex population. … Continued

  • White House Action Immigration Expected

    Last year the House of Representatives, led by Speaker Nancy Pelosi (D- Calif.), passed major drug legislation that would have allowed the government to negotiate directly with the drug companies, thus bringing the prices of drugs down. The major drug companies, and then-Senate Majority Leader Mitch McConnell (R-Ky.), opposed the legislation and would not allow the House-passed legislation to even be considered. .What are the Notch Reform bills that are in the current Congress? .Benefits haven't kept pace with the cost of living and all changes that have occurred over the last 50 years. … … Continued

Calculate the annual COLA using the Consumer Price Index for the Elderly (CPI-E). TSCL studies indicate that using the CPI-E would provide a very modestly - higher COLA in most years. .There's good news and bad for older job seekers. The good news: the jobless rate for older workers is lower than the overall unemployment rate. And many employers do value older workers for their experience, skill sets, reliability and maturity. .TSCL's legislative agenda for the next two years includes the following issues, among others: .What do you think? Take TSCL's 2014 Senior Survey. .What is a surviving beneficiary spouse? .Beneficiaries are telling other Mexicans about the Social Security benefits. .Seniors Speak Out: TSCL Delivers Petition Tsunami To Congress .Still, COLA cuts remain a key proposal of major debt reduction plans. In his budget last year, President Obama proposed changing the way COLAs are calculated by using a more slowly-growing measure of inflation, known as the "chained" CPI. "If our nation is going to correct income inequality, it should start with payroll taxes," Cates says. "Under current law, millionaires pay no Social Security taxes at all on earnings over 7,000, while average workers pay Social Security taxes on every dime they earn," Cates points out. "Cutting the benefits of financially vulnerable seniors and others can't be justified when millionaires are getting a multibillion dollar tax break," Cates asserts. "TSCL urges President Obama NOT to use Social Security COLAs to cut the debt," he adds. ."The Senior Citizens League Wants to Know: "How Much Will You Spend on Medicare?""