News
-
Legislative Update March 2011 Advisor
The Senior Citizens League enthusiastically supports H.R. 3302 and H.R. 1114, and we will continue to advocate for them tirelessly in months ahead. For more information, visit the Bill Tracking section of our website. .The report found at least 6.5 million active Social Security numbers belonging to people who are now at least 112 years old. While people are living longer these days, they're not living that much longer. According to a story by Stephen Ohlemacher of the Associated Press, as of last fall there were only 42 people known to be that old in the entire world. .Can expanding Social Security solve the retirement crisis? … Continued
-
Legislative Update For Week Ending April 4 2014
We have been hearing from hundreds of you who are watching the inflation numbers and eagerly looking forward to getting a high inflation boost next year. But a number of you point out an urgent problem that occurs. COLA Estimated to Be 6% to 6.1% For 2022 , editor .Some financial advisors say that there may be some tax advantages to taking money out now while valuations are lower. This information is not intended as investment advice. We strongly recommend that you contact the custodian of your 401(k) or your financial advisor and discuss a plan for your income needs and to explore potential sources of funds. .In addition, on Wednesday, the Social Security Administration announced that seniors will receive a 1.5 percent Social Security cost-of-living adjustment (COLA) in 2014, which is slightly lower than 2013's 1.7 percent COLA, and is far lower than the 3 percent average COLA over the past thirty years. Officials also announced on Wednesday that the maximum amount of earnings subject to the Social Security payroll tax will increase in January from 3,700 to 7,000. In a press release, SSA noted that about 10 million workers will pay higher taxes in 2014 as a result of the increase. … Continued
TREA Senior Citizens League (TSCL) was formed in 1993 to protect "earned" Social Security and Medicare benefits. Many TSCL members are affected by the Notch, and rank Notch Reform as their top legislative priority. TSCL is the only national senior citizens action organization to continue to lobby for Notch Reform. To date, TSCL has 1.3 million members and supporters who participate in a number of grassroots lobbying and public education campaigns. ."TSCL strongly believes that earnings under invalid SSNs should be also be invalid for entitlement to benefits," says Hyland. "Document fraud, identity theft and violation of immigration law should not be rewarded with Social Security benefits, especially as Congress considers cutting Social Security cost-of-living adjustments (COLAs)," he states. To learn more and find out how much you could lose by COLA cuts, visit http:// /chained-cola-calculator/. To learn more, visit . .Should lawmakers fail to reach an agreement before midnight on Friday, April 28th, a federal government shutdown will occur. TSCL hopes that Congress will avert a shutdown since Social Security and Medicare beneficiaries would see negative impacts if one were to occur. We will be monitoring the negotiations closely in the coming hours and days and will post progress updates on Twitter. .Medicare Extra Help helps pay for some, or most, of the out-of-pocket costs for Medicare prescription drug coverage. It is also known as the Part D "Low-Income" subsidy. Extra Help pays for the Part D premium up to a certain amount (specific to your state), lowers the cost of your prescription drugs, gives you special enrollment periods to switch plans, and eliminates the Part D late enrollment penalty if you did not enroll in Part D by your original deadline. If your income is under ,615 (individuals) or ,175 (married couples) and you have limited savings and resources, you might be eligible. Apply for Medicare Extra Help on the Social Security website www.SSA.gov. .TSCL supports legislation that would repeal the WEP such as H.R. 3934, the Equal Treatment of Public Servants Act of 2019, bipartisan legislation introduced by Representative Kevin Brady (TX-8). .TSCL would like to thank the following for taking time out of their busy schedules to discuss the issues that matter most to our members and supporters: Rep. Paul Cook (CA-8), Rep. John Lewis (GA-5), Justin Lawson (Legislative Assistant for Rep. Gloria Negrete McLeod (CA-35)), Claire Cozad (Legislative Assistant for Rep. Paul Cook (CA-8)), Kalina Bakalov (Legislative Assistant for Rep. Tammy Duckworth (IL-8)), and Thomas Dorney (Legislative Assistant for Rep. John Lewis (GA-5)). .Get an annual check up. Case in point: I recently helped a senior who hadn't seen a doctor in years, despite being a smoker. It took some urging, but she finally got a physical. She was shocked to learn that her blood pressure was high — dangerously so — and wound up driving straight to the pharmacy with a prescription for blood pressure medication. Visits to the doctor are far less expensive when you get there under your own steam rather than via an ambulance gurney. Starting this year, Medicare covers a yearly annual "wellness" exam and you pay nothing, if your doctor "accepts assignment" or the amount Medicare pays for the service. Do this before I have to nag you, too. .Finally, locality pay is subject to the approval of the President, and thus subject to politics. In 2019, the average locality pay adjustment was 0.5%. The annual COLA was 2.8%. The calculation has also been challenged by economists and the nonpartisan CBO as not being accurate. What do you think about using locality pay adjustment rates to adjust Social Security? To send a comment or take a poll on this topic visit . .This week, the House of Representatives was scheduled to consider legislation which would repeal the health care reform law. However, due to the tragic shooting in Arizona over the weekend—which left six people dead, eleven wounded, and Congresswoman Gabrielle Giffords (AZ-8) clinging to life—the House schedule was cleared.
