Report Section Current Flexibility In Medicaid Issue BriefNearly, 1.5 million people are affected by the WEP, which reduces the earned Social Security benefits of an individual who also receives a public pension from a job not covered by Social Security. For example, a teacher who spends his or her summers working a second job or a police officer who leaves the force after years of service but is not quite ready to retire can see their benefits reduced by as much as 40 percent. However, a similar worker with a private sector pension would not see this kind of reduction. We are punishing public sector employees such as our teachers, firefighters, and police officers..Thousands of prescriptions are abandoned at pharmacies each year, often due to high prices. There are several things you can do to bring that cost down to a more manageable level..Also this week, one new cosponsor Rep. Lou Barletta signed on to Rep. John Duncan's CPI for Seniors Act. The cosponsor total for this bill is now at 11. … Continued
Report Section Community Health Centers Recent Growth And The Role Of The Aca Executive SummaryA tax reform plan being floated by the House GOP would meet strong opposition from activists and older voters, warns The Senior Citizens League. The plan would end the 12.4 percent payroll tax that funds the monthly checks of about 60 million current Social Security beneficiaries. "This proposal would sabotage Social Security for both current and future Social Security recipients," warns Mary Johnson, Social Security policy analyst for TSCL..Retirement accounts allow your savings to grow tax-deferred, but the rules change when you turn age 70 ½. At 70 ½, traditional IRAs require the owner to take required minimum withdrawals and you can't contribute any more savings. But you can still continue to put money into other types of retirement accounts, including Roth IRAs and some types of 401s, as long as you have earnings from jobs..Congress Passes Defense Bill but President Trump says He Will Veto … Continued
