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  • How Are You Doing In Retirement

    TSCL Endorses Two New House Bills .In addition to a growing number of people affected by the tax, those who are affected pay a growing share of their benefits in taxes as well. The Congressional Budget Office estimates that 52 million Social Security beneficiaries paid 6.7% of their Social Security benefits as income tax in 2014, and projects that will rise in the future to 10% or more. .No change to 401(k)s or IRAs: Prior to enactment, concerns were high that tax reform would restrict the amount of pretax contributions working people could make to workplace retirement accounts. Congress did not do this, and the tax rules affecting these accounts, for the most part, remain the same. … Continued

  • Legislative Update For The Week Ending January 14 2011 Feed

    The Super Committee deadline looms and two important bills for seniors are introduced. .Here's how we got here: The hold harmless provision was triggered nationally in 2016 when the Social Security Administration announced that there would be no COLA payable, due to a drop in inflation. Barbara's Medicare Part B premium stayed the same as it was the year before, at 4.90, even though Medicare Part B premiums in 2016 jumped to 1.80 for about 30% of beneficiaries, such as new enrollees who were not protected by the hold harmless provision. .On Wednesday, TSCL's Board of Trustees, along with Executive Director Shannon Benton, presented Rep. Mike McIntyre (NC-7) with the 2012 Seniors Advocate Award for his efforts on behalf of the nation's senior citizens. For more than fifteen years, Rep. McIntyre has been a leader dedicated to the issues that matter the most to TSCL's members and supporters. … Continued

In presenting the award, TSCL Chairman Larry Hyland stated: "Congressman McIntyre's dedication and commitment to defending the benefits of seniors is greatly appreciated and has not gone unnoticed … By taking a stand, he brings seniors one step closer to the retirement security they deserve." TSCL was pleased to announce Rep. McIntyre as the recipient of the 2012 Seniors Advocate Award this week, and we are grateful for his hard work on behalf of seniors across the country. .Emergency 3% COLA, Social Security And Medicare Issues Land on the Congressional Priority List .Johnson selected 20 companies for her sample and downloaded each company's public 2018 proxy information, which contains Executive Compensation Tables required by the Security Exchange Commission. The analysis uses only the actual salary and performance pay, both of which are subject to Medicare and Social Security payroll taxes up to the limit. No stock awards were included. .Since the government transitioned from paper checks to less expensive electronic payment methods, the Social Security Office of Inspector General (OIG) has been investigating unauthorized changes to direct deposits that redirect seniors' benefit payments into accounts set up by crooks. As of June 1, 2013, the OIG's office has received more 50 reports per day involving attempts to make such a change, most often involving redirecting benefits to the prepaid Direct Express debit card accounts. .Second, six new cosponsors signed on to the Social Security Fairness Act (S. 521, H.R. 141), bringing the cosponsor total up to thirty in the Senate and 163 in the House of Representatives. The new cosponsors are: Senator Dianne Feinstein (CA), Senator Kyrsten Sinema (AZ), Representative Colin Allred (TX-32), Representative Elaine Luria (VA-2), Representative Susan Davis (CA-53), and Representative Sean Casten (IL-6). .To cover the cost of CPI-E Act's adoption and to improve the solvency of the Social Security program, The Senior Citizens League supports an increase in the payroll tax cap. Nearly 75 percent of our supporters agree that the wealthiest Americans must begin contributing to the program more fairly, based on the results of our 2018 Senior Survey. Several bills now before Congress would increase or eliminate the payroll tax cap, and The Senior Citizens League will continue to advocate for their passage tirelessly in the months ahead. .The FDA is particularly concerned that these deceptive and misleading products might cause Americans to delay or stop appropriate medical treatment, leading to serious and life-threatening harm. It's likely that the products do not do what they claim, and the ingredients in them could cause adverse effects and could interact with, and potentially interfere with, essential medications. .For more information see the Medicare publication, "Are You a Hospital Inpatient or Outpatient?" CMS Product No. 1143Get a copy online at www.Medicare.gov or call 1-800-MEDICARE ( 7). .Congressman Mike McIntyre Receives TSCL 2012 Seniors Advocate Award One of North Carolina's staunchest advocates for seniors was recently recognized for his efforts on behalf of the nation's senior citizens. Representative Mike McIntyre (D-NC-7) received the 2012 Seniors Advocate Award from The Senior Citizens League (TSCL) one. Legislative Update: August 2012 Three Ways Congress Can Pay For Notch Reform