As a non-partisan, non-profit seniors organization, TSCL does NOT endorse candidates in presidential or congressional races. Our mission is to educate the public about Social Security and Medicare benefits and about legislative proposals that would affect Americans' retirement security. We urge you to make sure your voter registration and your photo ID's are up–to–date, especially if you have moved recently. We encourage all of you to vote this November!.On Wednesday, the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met with four expert witnesses to discuss several options for strengthening the Social Security Program. Chairman Sherrod Brown opened the hearing by saying, "A few years ago … all of the conventional Washington wisdom was that we would have to cut the program. Today, not only are cuts to Social Security deeply unpopular, but we are now debating how much we need to expand the program.".In the coming days and weeks, TSCL will monitor the AHCA's movement very closely, and we will continue to advocate against provisions of the bill that would jeopardize the health of older Americans. For progress updates, follow TSCL on Twitter or Facebook..Compare that to retiring early at age 6She'll lose ,437 in Social Security income. Her starting benefit will be permanently reduced by 25% to ,225, and even with receiving benefits over more years she'll receive only 3,228 over the course of her retirement. Her final benefit would be ,438..The GPO reduces the Social Security benefit received by spouses and surviving spouses who also collect a government pension. Nine out of 10 public employees affected by the GPO lose their entire spousal benefit, even when their spouse paid Social Security taxes for many years. According to the Congressional Research Service, in 2018 approximately 6.6 million state and local government workers were in non- Social Security covered jobs. About 83% of all affected by the GPO are women..Rep. Bill Pascrell has urged President Biden to fire the entire USPS Board of Governors. "The continued challenges in preserving our Postal Service to survive and endure are gargantuan, and so demand bold solutions to meet them. To begin that work, we must have a governing body that can be trusted to represent the public interest," Pascrell wrote..Medicare doesn't cover dental benefits, and dental insurance premiums can be more expensive than paying out of your own pocket for routine check ups- and cleanings. The cost to buy an individual policy averages about 0 a year. That's about what you might pay out-of-pocket without any insurance for two annual exams and cleanings, plus some X-rays..Thus, under this hypothetical legislation, benefit obligations could not be met after the depletion of the asset reserves and elimination of payroll taxes. If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021 and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of calendar year 2021, with no ability to pay DI benefits thereafter. We estimate that OASI Trust Fund reserves would become permanently depleted by the middle of calendar year 2023, with no ability to pay OASI benefits thereafter..President Trump pledged that he would protect Social Security and Medicare when he ran for president in 201He has repeated that pledge several times since. But to advocate for a payroll tax cut that would bring both programs much closer to insolvency is not in keeping with his pledge.
