News
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2021 Retirement Survey
TSCL Supports Bills to Prevent Premium Hike ."A COLA that reflects real cost changes is essential, and of far greater value for protecting income in retirement than a measure that reflects how people are forced to reduce their standard of living when costs rise," Johnson says. "One gives a modest boost, the other would tend cap the growth in Social Security benefits over time." .For example, the CMF report offers suggestions on how House member offices can most effectively absorb additional cuts. Most notably, these include salary freezes, a potential shift to increased e-mail use over traditional mail, and limited travel expenses to district functions. … Continued
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Legislative Update Week Ending August 17 2018
TSCL believes the current COLA is not sustainable for today's retirees and disabled beneficiaries, and is lobbying for legislation that would provide a minimum COLA of 3% in years in which inflation drops lower. What do you think? Visit TSCL's website at and take a poll. .The Senior Citizens League proposes that Congress enact an emergency COLA or one - time benefit boost payable for 202TSCL supports legislation that would ensure that COLAs are no less than 3 percent. But the organization also recognizes that the Congressional Budget Office (CBO), in its January 2020 baseline, estimated that a 2.5 percent COLA would be payable for 202Thus, providing a 2.5 percent emergency COLA would provide what has already been projected for Social Security benefits by the CBO. .Information about critical issues affecting seniors … Continued
Here's where to go for help with these services: .Surveys have found that public opposition to cutting benefits is widespread, but there is support for changes that would make Social Security payroll taxes more equitable. According to TSCL's 2017 Senior Survey, 73% of survey participants support abolishing the taxable maximum cap and to apply the full 12.4% payroll tax to all earnings. .Can your husband do any other type of work? Even if your husband can't do the work he did in the past, the Social Security Administration will consider if there is other work he could do. .Healthcare would be more efficient and convenient for patients. Value-based payment systems provide incentives for health providers to make it easy for patients to get all the services related to managing their condition in one "medical home." Payments to providers are "bundled," covering the patients' full care cycle, or for chronic conditions covering longer periods of time like a year or more. .Democratic leaders believe the measure could save almost half a trillion dollars if it were to pass. And while it would be much more likely to be brought up for a vote, the uncertainty about whether it could pass in the Senate remains. .Americans 65 and Older See Largest Increase in Poverty .The Scott bill passed the Education and Labor Committee on Tuesday of this week. It has a different approach for dealing with surprise bills that limits the arbitration process and sets forth a benchmark payment rate. Scott's bill would force doctors to accept a benchmark rate for bills under 0 and go through arbitration in disputes over bills higher than 0. .This week House Speaker Nancy Pelosi (D- Calif.) introduced a more than trillion coronavirus aid package, a sweeping effort with trillion in aid for states and cities. It also includes billion for testing people for the novel coronavirus, direct payments of up to ,000 per U.S. household, billion in emergency grants for small business and billion for the U.S. Postal Service, among other things. .The additional cost from adopting private accounts poses a much greater threat to the Social Security Trust Fund's solvency than it currently faces. Consequently, I have always adamantly opposed "private" accounts, or "individual" accounts, or "personal accounts" – regardless of what they're called. They're a big gamble and a risky deal for workers, retirees, and taxpayers alike.
