Blog Civil And Criminal Justice 8The chances are high that the next president of the United States will sign into law legislation that reforms the Social Security program and extends the solvency of the trust fund beyond 2034, its projected year of exhaustion. For years leaders in Washington have been authoring sweeping plans that would enact major benefit cuts like reduced cost-of-living adjustments or increased eligibility ages in order to strengthen the financing of the program. But the unpopularity of those plans with voters ensured those plans never went anywhere..The period covered by the Notch is a major area of dispute. When benefits are represented on a chart, the disparity forms a deep "V" notch. Benefits plunged from a peak for retirees born in 1916 and hit the lowest part of the "V" for those who were born in the years 1920-2Benefits began to rise for those born in 1922 until they became level with other retirees, starting with those born in 192See illustration below..Improve work incentives and encourage disabled beneficiaries who improve to return to work. Current disability rules restrict what disabled beneficiaries can earn, which serves as a disincentive to those who are capable of re-entering the workforce. TSCL favors adopting rules that are consistent with those of the retirement and survivors program, which allows people to earn ,310 per month before benefits are reduced. … Continued
Health Reform Fact Sheet The Pennsylvania Health Care LandscapeWhile Part D costs are not capped, there is a "catastrophic level" of coverage that kicks in once Part D enrollees spend ,000 of their own money out-of-pocket. Five thousand dollars is just the threshold in 201That threshold is forecast to rise to more than ,000 per year in just eight years. Even worse, the ,000 threshold is just for your covered drugs under Part D. It does not include other out-of-pocket spending for Medicare, such drugs you may receive through Medicare Part B, and all other out-of-pocket costs..State and local property taxes up to ,000..During the August break an old and ugly threat to Social Security and Medicare surfaced once again. The Congressional Budget Office released its forecast of future federal government deficits. It said that deficits are expected to climb to over trillion in fiscal year2020, which begins this October And they will keep going up in the years after that. … Continued
