News

  • Benefit Bulletin Februarymarch 2016

    Minimal Workplace Enforcement—A Contributing Factor .You should still take steps to protect yourself and others in many situations, like wearing a mask, staying at least 6 feet apart from others, and avoiding crowds and poorly ventilated spaces. Take these precautions whenever you are: .This week, The Senior Citizens League was pleased to see support grow for three important bills that would strengthen the Social Security program and reduce prescription drug prices for Medicare Part D beneficiaries if signed into law. … Continued

  • Deflation Signals Zero Cola For 2021 Benefits Lose 30 Of Buying Power

    This is precisely what happened to Notch Babies. In 1977, Congress did not have the same benefit of computer software that so quickly does the projections and estimates that we have today. But even if Congress had developed examples illustrating benefit differentials among different categories of receipients "they would not have shown as great differentials as actually developed," said a paper written by James W. Kelly and Joseph R. Humphreys, that appeared in the 1994 report of The Social Security Notch Commission. Some reductions of 10% to 14% would have been anticipated at the time, but because inflation grew much more quickly than estimated, and wages grew much more slowly, benefits were reduced 13% — 30% for Notch Babies under actual conditions. .Radical Medicare Overhaul Proposal In Senate .At Thursday's hearing, Social Security Subcommittee Chairman Sam Johnson (TX-3) and Ranking Member John Larson (CT-3) both spoke about how their Social Security reform bills would improve the program's financing. Chairman Johnson's bill – the Social Security Reform Act – would do so primarily through benefit cuts, while Ranking Member Larson's bill – the Social Security 2100 Act – would do so primarily through revenue increases. Mr. Goss confirmed that both bills – using two very different approaches – would return the program to 75-year solvency if adopted. … Continued

The revenues from taxation of benefits are earmarked for funding Social Security and Medicare benefits. "Those revenues take on added importance for the 2020 tax year, as the coronavirus takes a significant toll on Social Security and Medicare payroll tax revenues," Johnson says. .Albert Bourla told Bloomberg Television in an interview that he believes there is a great opportunity for Biden to take the initiative to "reduce significantly the cost of medicines for the patients, which is the thing that is now problematic." .For more information about Social Security reform options, click here. To watch Wednesday's House Budget Committee Hearing in full, click here. .Trump's administration "has decided to pursue a radical and dangerous policy to set prices based on rates paid in countries that he has labeled as socialist, which will harm patients today and into the future," Stephen Ubl, the head of PhRMA, said in a statement. .How can I get in contact with Medicare? .Last year the House of Representatives passed major legislation to lower drug prices that included giving the Secretary of Health and Human Services (HHS) the authority to negotiate for lower drug prices with drug companies. .DeSantis' claim that airplanes have not been "vectors" for the spread of the coronavirus is untrue, according to experts. A "vector" spreads the virus from location to location, and airplanes have ferried infected passengers across geographies, making COVID-19 outbreaks more difficult to contain. Joseph Allen, an associate professor of exposure assessment science at Harvard University called airplanes "excellent vectors for viral spread" in a press call. .The Notch Fairness Act In House And Senate .The program applies to illegals under the age of 31, who entered the U.S. prior to the age of 16, and have resided illegally in the U.S. since June 15, 200Applicants must also be currently enrolled in school, have a GED certificate, or have served in the U.S. military, and be law-abiding. Critics, including TSCL, question how the government will be able to verify when applicants actually entered the country and whether they were under the age of 16 when they did.