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  • Social Security Trust Fund

    "Even though Medicare premiums and out-of-pocket drug costs are the fastest growing and biggest financial challenge in retirement, that growth is not accounted for in the annual COLA," Johnson says. The consumer price index used to calculate the COLA for retirees reflects the spending pattern of young urban workers, and explicitly excludes people over the age 6But younger workers don't get Medicare, and spend a much lower portion of their incomes on healthcare. .If adopted, H.R. 1716 would prohibit unauthorized workers from receiving Social Security benefits based on work done while in the country illegally, using stolen, fake, or fraudulent Social Security numbers. TSCL was pleased to see support grow for H.R. 1716 this week, and we will continue to advocate for it on Capitol Hill in the months ahead, since we feel that protecting the integrity of the Social Security program is of utmost importance. .Rick has served the last seven years as a member of the TREA National Board of Directors. First, as Director for 3 years, then elected and served two terms as National President and then two years as Immediate Past National President. Prior to serving on the National Board of Directors from 2009-2014 he served on several National Committees. During his tenure on TREA's Board of Directors, he chaired the Legislative Affairs, Information Technology, Convention, 5-Year Plan, Awards committees, and chaired the Past National Presidents Council. … Continued

  • Response To Politifact Georgia Claims

    Social Security Reform – Extending the program's solvency without enacting harmful cuts. .Third, two new cosponsors – Representative Julia Brownley (CA-26) and Representative John Delaney (MD-6) – signed on to the Social Security 2100 Act (H.R. 1902), bringing the total up to 17If adopted, H.R. 1902 would responsibly reform the Social Security program while strengthening benefits for seniors. It would also ensure the program's solvency through the year 2100. .Potential amendments to the bill were discussed at the hearing, and at this point in the process it seems that measures to strengthen border security and enhance Congressional oversight will be put forth. One committee member, Sen. Al Franken (MN), stated: "I and other Senators will do everything we can to amend this bill." Members of the Gang of Eight, on the other hand, have said they will band together to defeat any amendments that would weaken it. … Continued

Due to record-low growth in health care costs, the board hasn't been triggered to begin making recommendations to Congress yet, and it currently has no appointed members. Nonetheless, many lawmakers feel that such critical policy-making decisions should be left solely in the hands of elected representatives, and they hope to repeal it long before it is needed. .Congress did not receive any automatic pay adjustment this year. With so many Americans (including seniors) suffering from long-term financial set backs, and so many workers out of jobs, lawmakers wisely opted to forego a raise. They last received a pay raise in January 200At the time their salary was increased 2.8% to 4,000 from 9,300. While the recession was taking a bite out of Americans' income, the pay of Members of Congress grew by ,800 from the time the recession began at the end of December 2007 through 2009, according to the Congressional Research Service. Over the decade 2000 through 2009, Congress gave themselves a total of 9 pay hikes, raising their salaries a total of ,300 from 6,700 in 1999 to the 4,000 that they receive in 201Legislation passed in 1989 established the current formula used to automatically adjust the Congressional pay increase that they refer to as a "cost-of-living adjustment" (COLA). .For information about town hall meetings near you in the weeks ahead, call the local offices of your elected officials. For contact information, click HERE. .Congress Averts Shutdown .For those planning retirement however, it is the estimated dollar amount in Social Security benefits, not the replacement rate, that what one uses to determine a retirement budget, or how much more one will need to save for retirement. When one retires, it is the actual benefit amount, not the replacement rate that one must live on. One of the most frequent requests for services received by Social Security Administration is for an estimate of benefits. While no promises of benefits are made, millions of estimates are made annually. If the rules are changed abruptly, as they were for those born during the Notch period, this leaves no time to save for the shortfalls in benefits (if they can be foreseen ahead of time). .Should lawmakers fail to reach an agreement before midnight on Friday, April 28th, a federal government shutdown will occur. TSCL hopes that Congress will avert a shutdown since Social Security and Medicare beneficiaries would see negative impacts if one were to occur. We will be monitoring the negotiations closely in the coming hours and days and will post progress updates on Twitter. .How do I go about writing my Congressman and Senators? .This is the same bill he introduced in 2019 which TSCL endorsed then and we have endorsed this new bill once again. .Thousands of nursing homes across the country have not been checked to see if staff are following proper procedures to prevent coronavirus transmission, a form of community spread that is responsible for more than a quarter of the nation's Covid-19 fatalities.