News
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Legislative Update Septemberoctober 2017
Both chambers of Congress adjourned for the President's Day Holiday this week and are expected to return to Capitol Hill on Monday, February 25th. Meanwhile, Alan Simpson and Erskine Bowles, former co-chairs of the National Commission on Fiscal Responsibility and Reform, released a new proposal that would avert the looming sequester and trim .4 trillion from the deficit. In addition, two Members of Congress re-introduced a critical bill that would extend the solvency of the Social Security Trust Fund without cutting benefits. .Congress first approved the WEP in 1983 as part of a large package of Social Security reforms that included increasing the full retirement age. The stated intent was to remove an unintended advantage for workers who collect non-covered pensions, but also did some work in jobs covered by Social Security. .For more information about town hall meetings near you, click HERE. You can also call the local offices of your Members of Congress to request information about upcoming town halls. For contact information, click HERE. … Continued
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Legal Loophole Allows Benefits Based On Illegal Work Feed
It's clear that Congress has failed mature workers and their families. We need to do more to create jobs and ensure mature workers have the skills needed for today's job market. .Members of the Finance Committee seemed receptive to Blum's suggestions on Wednesday, but it remains to be seen whether they will act in the coming months. Thus far, one of the greatest hurdles for lawmakers has been coming up with an offset to cover the cost of the repeal – the Congressional Budget Office has estimated that the price tag will be nearly 0 billion over ten years. TSCL is hopeful that lawmakers will repeal and replace the SGR by the end of this year in order to preserve seniors' access to quality medical care. As the discussions evolve over the coming months, we will continue to post updates here in the Legislative News section of our website. .The responsibility is on you to notify the SSA of your age, and file an application for retirement benefits based on your own earnings, if higher. As you continue working past age 66, the retirement benefit you receive based on your own earnings continues to grow. That retirement credit is only applied until age 70; however, there's no additional increase thereafter, so put in your claim now. … Continued
"The last thing struggling Americans need right now is a secret panel designed to slash their earned benefits and further undermine their economic security," House Ways and Means Chairman Richard Neal (D-Mass.) said in a statement. "I wholeheartedly object to the TRUST Act and will fight against its nefarious inclusion in any upcoming relief package." .TSCL (TREA Senior Citizens League) consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. TSCL was first established as a special project of The Retired Enlisted Association (TREA). On January 1, 1995, TSCL became an independent 501[c][4] citizens' action organization. .Because COVID-19 has never been seen in humans before, there are currently no vaccines to prevent COVID-19 approved by the U.S. Food and Drug Administration (FDA). The FDA recently approved the first treatment for COVID-19, the antiviral drug remdesivir. .Misconceptions about Medicare coverage are very widespread. New beneficiaries and their families are frequently surprised when they learn what Medicare doesn't cover. Routine eye examinations, eyeglasses and lenses, hearing exams and hearing aids are among the services generally excluded from the core benefits covered by original Medicare. .We know that other prevention steps help stop the spread of COVID-19, and that these steps are still important, even as vaccines are being distributed. .On Wednesday, lawmakers on the House Budget Committee held a hearing titled: "Keeping Our Promise to America's Seniors: Retirement Security in the 21st Century." Committee members heard from several expert Social Security witnesses, including Congressman John Larson (CT-1) – Chairman of the House Ways and Means Social Security Subcommittee. .One of the programs President Biden supported during his campaign for .Third, one new cosponsor, Representative Jamie Raskin (MD-8), signed on to the bipartisan Fair COLA for Seniors Act (H.R. 1553), bringing the total up to twenty-seven. If adopted, this bill would better protect the purchasing power of Social Security benefits by adopting a more adequate Social Security cost-of-living adjustment (COLA). Under current law, COLAs underestimate the inflation seniors experience because they are based on the way young, working Americans spend their money. As a result, Social Security benefits have lost 33 percent of their purchasing power since 2000 according to our research. .To learn more, download "When To Start Receiving Benefits" from the Social Security Administration.
