The benefit that you are entitled to receive on your own work record is less than the benefit you would receive on your ex-spouse's work record..If signed into law, the Social Security Fairness Act would amend title II of the Social Security Act to repeal the Government Pension Offset and the Windfall Elimination Provision..The report assumes that no other change would be made in the law and that the lost revenues would not be replenished with general revenues from the Department of the Treasury..0 to as much as 0. You can learn the average costs in your area by."Home Heating Oil Cost Forecast To Rise 19 Percent This Winter," Reuters, October 11, 201"Prepare To Pay An Extra 5 For Food In 2013," Nicole Seghetti, The Motley Fool, August 6, 201"Healthcare Cost To Rise 7.5 Percent In 2012 Report," David Morgan, Reuters, May 31, 2012..Nearly 1.5 million teachers and other public servants see their Social Security benefits reduced by as much as 40% due to the Windfall Elimination Provision. What do you feel should be done about this?."At the time of enactment, The Congressional Quarterly referred to this revenue change as 'taxing the benefits of high-income recipients'" says Johnson, citing the publication's summaries of major Social Security changes from 1983-198Social Security's archives state that "Congress intended that the taxation of benefits should not affect 'lower income' individuals." The revenues from the tax on Social Security benefits are credited to the Social Security and Medicare trust funds and provide a growing share of the programs' financing..TSCL is hopeful that lawmakers will find a solution before the end of this month, since a government shutdown could negatively impact Social Security and Medicare beneficiaries. We will continue to keep an eye on the evolving negotiations, and we will post updates here in the Legislative News section of our website..For years, TSCL has been advocating on Capitol Hill for a more fair and accurate Social Security COLA for beneficiaries. The Consumer Price Index for Elderly Consumers Act legislation introduced by Rep. Michael Honda is a common-sense solution that would better protect the purchasing power of Social Security benefits since it would use a more accurate measure of inflation.
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In the coming days, TSCL will be keeping a very close eye on the movement of the omnibus spending bill. If lawmakers fail to reach an agreement before the December 11th deadline, the federal government will shut down once again, potentially impacting the timeliness of Social Security checks and reimbursements to doctors who treat Medicare patients..Meal and nutrition programs.As our nation begins to deal with the problems of the long-term financing of Social Security, we face some very difficult decisions. To what extent should individuals be required to save for their own retirement and to what extent should the government provide for those who cannot or have not been able to save? Proposals for reform have yet to provide answers. … Continued
Perspective Coronavirus Unequal Economic Toll
By Rick Delaney.TSCL's concern is not over taxes collected under valid Social Security numbers. The concern is over the use of earnings under invalid or fraudulent Social Security numbers to determine benefits. Earnings reported under invalid numbers most often occur when noncitizens work without legal authorization. Due to a loophole in current law, Social Security uses all earnings to determine benefits, even those from jobs worked under invalid and fraudulent Social Security numbers. Social Security thus pays benefits for the rest of the individual's life that may be based, at least in part, on work under fraudulent Social Security numbers. TSCL believes this policy rewards people for document fraud..New Congress Sworn in but Little in the Way of Legislation Yet … Continued