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  • Coronavirus Throws Monkey Wrench Into Cola Calculations

    Can you tell me how I can find out what my benefit and probable income from Social Security would be? I've heard some complaints about conflicting information. I turn 62 later this year. .At the time of writing this update on Friday morning, the vote had not yet occurred. It is expected to take place on Friday afternoon, before the non-partisan Congressional Budget Office has a chance to evaluate the final version. It remains unclear whether or not the AHCA will gain the support needed to win passage. If adopted, the AHCA will move to the Senate, where its future remains even more uncertain. If it fails, Republican leaders on Capitol Hill have said they will move on to other legislative priorities, like tax reform. .TSCL feels the closing of the World War II Memorial is a prime example of backwards Administration priorities. Access to that memorial should never be barred in the first place. Its construction was funded heavily by donations from the public rather than solely by tax revenues, and many donations came from Notch Babies who formed the bulk of the fighting forces during World War II. In fact, TSCL members and supporters alone donated over ,749 for the World War II Memorial Foundation. … Continued

  • S 64 Preserve Access Affordable Generics Biosimilars Act

    The U.S. – Mexico Totalization Agreement—which was signed by the Social Security Administrations of both the U.S. and Mexico in 2004, and is due to undergo review by the current or future President(s)—continues to pose a threat to Social Security beneficiaries. Because of a loophole, if the President signs the final Executive Totalization Social Security Agreement with Mexico, it could lead to Social Security benefits going to individuals who worked in the U.S. while illegal. .SGR Talks Stall as Deadline Looms .This week, the Department of Health and Human Services announced that the Senior Medicare Patrol – a voluntary fraud prevention effort comprised of seniors – recovered at least .1 million last year, which is up from million in 2012. … Continued

Watch our newest video featuring TSCL's Board of Trustees as they work for our benefits in our nation's Capitol. .But bigger deficit reduction would be possible if Social Security taxes were made more equitable. Under current law, high-income earners — people with earnings higher than Social Security's taxable maximum of 7,000— pay nothing on earnings over that amount. In other words, someone earning ,117,000 pays no Social Security taxes on the one million above 7,000. Yet workers earning less than 7,000 pay Social Security taxes on every dime of their wages. The CBO estimates that simply raising the taxable maximum to 7,500 would bring in 0 billion in new Social Security revenues through 202Taxing all earnings would eliminate up to 90 percent of Social Security's funding problems. .By making decisions now before her health changes, your sister can have more choices and a better chance of telling you "she only wished she would have moved sooner." Doing this together may have you saying the same thing. .However, a new analysis by the Bipartisan Policy Center was just released that has its own updated forecast that includes the effects of the pandemic. .Sources: "Social Security Benefits Related to Unauthorized Work," SSA Office of the Inspector General, March 2003, A-03-03-2305"Illegal Immigrant Crackdown Looms," Nicole Gaouette, The Los Angeles Times, August 3, 200 .Advocates who help retirees enroll in these programs say that, even if your income is slightly above the eligibility limits, you might still qualify because certain types of income and assets may not be counted. .Unfortunately, a long-time TSCL goal of reducing prescription drug prices did not make it into the newly introduced House bill. It appears that, as we have written before, legislation to reduce drug prices will not be dealt with until sometime in the fall. .To learn more and to participate in TSCL surveys and polls, visit . .What you can do. If you come across an op-ed calling seniors "Greedy Geezers" in your paper or hear it elsewhere let's set the record straight. Send a letter to the editor of the publication where you see it and please send TSCL a copy! Send mail to: The Senior Citizens League, 1001 N. Fairfax St. 101, Alexandria, VA 22314.