News

  • Social Security Medicare Questions March 2012

    Sources: "Policy Brief: The Evolution of Social Security's Taxable Maximum," Social Security Administration, September 2011, No.2011-02. .We will be putting out more information about this in the next few days and we are working on what we believe is a realistic solution to the COLA problem. Please be looking for that information. .While the U.S. Treasury predicts the government will run out of cash as early as March 31st, illegal immigrant workers may have pocketed billions in 2009 and 2010 in advance Making Work Pay tax credits for which they are not eligible. The Making Work Pay tax credit specifically banned people without valid Social Security numbers from receiving the credit. But because the tax credit was paid in advance in higher paychecks through lower tax withholdings, millions of illegal workers undoubtedly would have received the money, even though they may not have filed a tax return. … Continued

  • Chained Consumer Price Index 2

    President Delivers State of the Union Address .This week, The Senior Citizens League was pleased to see support grow for four key bills that would improve retirement security in America if adopted. .Sources: Statement: Social Security Payments Go Paperless, Honorable Patrick P. O'Carroll, Jr., Inspector General, Social Security Administration, June 19, 2013. … Continued

At a recent hearing from the House Ways and Means Health Subcommittee, experts in the MA field warned that their plans will not be able to absorb the looming cuts, and they will likely have to trim benefits or increase out-of-pocket costs as they are phased in over the next decade. One witness, Chris Wing – the CEO of SCAN Health Plans – said his MA plan that covers nearly 200,000 seniors in California and Arizona will have to begin limiting provider networks or withdraw from a few markets altogether. .How do you envision your perfect day in retirement? Are you the type that needs to be busy with work and projects to feel fulfilled, or do you look forward to spending time puttering around on your own, traveling or just enjoying leisure? Note how you like to spend your time. .League believes that tax reform is an opportunity to bring greater equity to the funding going into Social Security and to ensure that everyone pays fairly. .What you can do: Contact your Members of Congress and tell them that cutting the COLA to reduce the deficit is unacceptable. To provide income seniors can rely on over a retirement, COLAs needs to keep up with rising costs, something they don't do well enough now. .Rick retired from the U.S. Air Force as a First Sergeant with the rank of Master Sergeant in October of 1989 and makes his home in Warner Robins, Georgia, with his wife of 43 years, Pat. .Social Security Subcommittee Discusses Program's Future .With that in mind we remind you that the Federal Trade Commission has warned that anybody offering a chance to jump ahead on the statewide priority list for a vaccination in exchange for money is a scammer. .Regarding Social Security, TSCL was pleased to see that the President's proposal did not include the "chained" CPI, as it did last year. Many in Congress were also relieved by its absence. Shortly after the blueprint was released, Sen. Bernie Sanders (VT) – founder of the Defending Social Security Caucus – said, "I am especially proud that the President did not renew his proposal to cut Social Security benefits. With … more people living in poverty than ever before, we cannot afford to make life even more difficult for seniors." .When a Senate vote is tied, the Vice President, who the Constitution designates as the President of the Senate, can cast the tie-breaking vote, which is exactly what happened.