News
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Healthcare Costs Taking More Than One Third Of Social Security Benefits For Many Seniors
House Passes Funding Bill .The sharp drop in benefits was unexpectedly steep and unduly harsh for those born from 1917 through 192According to economist Haldi, the decline in average benefit payments "was a highly unusual phenomenon, because benefits normally would be expected to increase slightly from one year to the next for people similarly situated. (7)" .If you would like to continue receiving these press releases via email, please send your email address to [email protected]. … Continued
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New Congress Sworn In But Little In The Way Of Legislation Yet
How can I get involved/help out? .The term "Notch" refers to an unprecedented drop and disparity in Social Security benefits for persons born from 1917 through 1926 compared with those paid to other retirees with similar work and earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that Congress intended. On the other hand, the Social Security Administration (SSA) and some government officials argue that those born during the Notch period are receiving the benefits that Congress intended. This brief lays out the background on the issue and the position of TREA Senior Citizens League. .Get signed up for Medicare now in order to have your coverage start the month you turn 65! … Continued
Noting the vast and unprecedented danger that the coronavirus presents to the elderly and people with disabilities, patient advocates described the lack of inspections as a shocking oversight. .GOP offers Super-Committee concession while seniors see increased poverty levels. .Congress has until the end of this Friday to pass legislation to fund the federal government for the remainder of fiscal year 202Very few people think they'll get it done. ."Turning our backs on trading partners during a crisis could damage our relationships long after this pandemic ends," the Pharmaceutical Research and Manufacturers of America (PhARMA) and dozens of other business and trade groups wrote in a letter to the administration. .It is not clear what implications, if any, the findings might have for the two other major vaccines being used in the U.S., Pfizer's and Moderna's. .If adopted, the Ways and Means Committee's tax bill would consolidate the existing individual tax brackets, phase in a repeal of the estate tax, and permanently reduce the corporate tax rate, among many other provisions. The bill does not include reductions to the limits on 401(k) contributions as many – including TSCL – expected. It would keep the current limits on 401(k) contributions unchanged at ,000 per year (or ,000 for those over the age of fifty). .The House recently approved legislation that would require a valid Social Security Number in order for tax filers to claim the child tax credits, but the fate of the legislation is uncertain in the Senate. TSCL is strongly opposed to allowing illegal immigrants to collect refundable tax credits of ANY kind. We encourage you to contact your Members of Congress to tell them to put a stop to this .2 billion hand-out. Send an email to your Member of Congress online. .Trustees Release Annual Social Security and Medicare Reports .Sources: "Prescribers With Questionable Patterns In Medicare Part D," Department of Health and Human Services Office of Inspector General, June 201"Medicare Fraud Outrunning Enforcement Efforts," The Center For Public Integrity, July 3, 2013.
