News

  • Legislative Update October 2012

    To learn how you can join the effort for an Emergency COLA and Medicare relief, Visit .Since the start of CPI-E in 1983, the average difference between it and the CPI-W is roughly .25 percentage point per year. Sounds tiny but, like interest, it compounds over time. Had the CPI-E been used to determine COLAs since 2015, your benefit would be about 2% higher today. An average benefit of ,215 per month in 2015 will increase to ,298 per month in 2020. But had the CPI-E been used to calculate the COLAs, that benefit would have been per month more or ,324 in 2020. .It remains to be seen how the CR debate will unfold in the coming weeks, but TSCL will monitor it closely since another government shutdown could have serious effects on Social Security and Medicare beneficiaries. For updates as the situation develops, visit the Legislative News section of our website. … Continued

  • Ask The Advisor June 2011 Advisor

    The legislation is called a "CR" - a continuing resolution, which means the government will be funded for a short period of time and for the most part it will be at the same funding levels as in fiscal year 201The CR will last until Nov. 21 at which time one of three things must have happened. Either they will have finally passed all the funding bills needed for the rest of the fiscal year; or they will have passed another CR; or we will have another government shut-down. .How Should Congress Strengthen Social Security and Medicare? .43% support very gradually increasing the Social Security payroll tax rate paid by employers and employees. … Continued

Reduce the size of the initial retirement benefit that new Social Security beneficiaries are scheduled to receive; .Will you be able to Afford the Vaccine for COVID-19 Once it is Developed? .Congress This Week .I am writing for assistance in applying for the Notch Settlement on behalf of my widowed mother who has been a supporter of this cause for several years. She currently draws my deceased father's Social Security since it is greater than what she would receive under her own amounts paid in. My father was born on Sept. 16, 1926, which would qualify her to receive the settlement of ,000. She also has an acquaintance who was in this same situation and she was able to obtain the ,000 in full under her husband's benefits and he was also born in 192We have made several attempts to contact Social Security and they simply will not respond to her request. Is there any assistance you may lend to resolve this issue? .The judge's order stops the implementation of the rule until the completion of the notice and comment process. .However, support in the House has gone to two bills of the bills, both of which moved forward this week: HR 5826, sponsored by Rep. Richard Neal (D-MA), Chairman of the House Ways and Means Committee; and HR 5800, sponsored by Rep. Bobby Scott (D-VA), Chairman of the House Education and Labor Committee. While they each deal with the same issue the way they try to solve it is different. ."Let's have some discussion about what the government would actually be measuring," Johnson says. "It would not be direct measurement of the growth in the costs of specific goods and services as is the case under the conventional CPI," she says. "Yet that's what most people think of when we talk about inflation," she says. According to the Congressional Budget Office, the chained CPI measures the amount of additional resources that an individual would need to maintain the same standard of living this year as last year. "That's not the same thing, especially for people dependent on fixed incomes," Johnson notes. .At the time of writing this week's update, neither chamber had voted on the omnibus spending bill, but its passage is expected before funding runs out on Tuesday, December 22nd. A vote in the House is scheduled for Friday morning, and lawmakers in the Senate will likely take it up shortly thereafter, potentially as early as Friday afternoon. President Obama signaled his support for the spending package on Wednesday, which means he plans to sign it into law if it is sent to his desk. .TSCL is hopeful that lawmakers will successfully repeal and replace the SGR by the end of this year since doing so would bring increased stability to the Medicare program for both doctors and patients. However, we are opposed to offsets that would reduce Medicare benefits or require seniors to pay more for their health care, and we firmly believe that beneficiaries should not be penalized for the poor policy-making decisions that were made by Congress more than a decade ago.