TSCL believes this offensive policy is long overdue for a change. Social Security provides monthly income to retirees and we believe retirees are entitled to every last dime, including benefits for the month in which they die. Payment for the final month is especially important as you point out because medical and funeral expenses can be significant..TSCL is strongly opposed to plans to "chain the COLA." Such a switch has been estimated to reduce Social Security benefits by about 7% over a 30-year retirement. An average benefit of ,300 in 2017 would be about 5 per month less at the end of the period than it would be using the current CPI. An index that causes higher taxes, and lower retirement benefits, make the chained CPI a bad deal for older Americans..In the meantime, to comply with the new health law, people need to continue to maintain health insurance or pay a fine, because the individual mandate is still in place. And unless Congress acts to repeal Obamacare in its entirety, insurers will still be required to provide coverage despite pre-existing conditions. The big question remains, however, how millions of people will be able to afford Obabmacare coverage if no subsidies are available..That is the bad news..an average of ,600 a month..Eating more fruits and vegetables can help you stay healthier longer, reducing the risk of cancer and other chronic diseases. But good quality produce can be difficult to afford, especially for people who depend on Social Security for most of their income. How can you get more fresh fruits and vegetables living on a Social Security budget? Here are some tips to get you started:.Although the bill applies to children, TSCL is concerned that the DREAM Act is a back-door approach to a much wider amnesty that would have an enormous impact on the financial solvency of Social Security and Medicare. Under current policy, immigrants who become U. S. citizens, as young people under the DREAM Act would, may file a petition for green cards to allow their immediate relatives to legally immigrate to the U.S. Relatives who qualify immediately for a visa are spouses, unmarried children under the age of 21, and parents. Once the parents receive the green cards they can legally apply for work authorization, and renew it annually..Such large trials are unlikely in the rush to field a vaccine and the result could be a dangerous erosion of public trust. The yearly flu shot carries a risk of less than 1 in 1 million cases of the neurological complication Guillain-Barre syndrome. But even with that low a risk, close to half of Americans refuse to get it..TSCL enthusiastically supports H.R. 155, H.R. 1029, H.R. 574, and H.R. 1795, and we were pleased to see support grow for each of them this week.
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Will the program ban payment of benefits based on unauthorized earnings by undocumented immigrants under invalid Social Security Numbers?."People who have been receiving benefits for 12 years or longer have experienced an unprecedented series of extremely low cost-of-living adjustments," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. What's more those inflation adjustments do not account for rapidly rising Medicare Part B premiums that are increasing several times faster than the COLA. The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium..Rushed or pressured to sign papers. Is the salesman or dealer herding you into an office and telling you to sign now or lose your deal? That's a sure sign it's a deal worth missing. … Continued
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"Social Security Administration Actuarial Score," HR. 1314, Stephen Goss, Social Security Administration Office of the Actuary, October 27, 201"Time To Close A Social Security Loophole?" Alicia H. Munnell, Market Watch, March 19, 2014..The CPI-E tends to grow about 0.25 percentage point more quickly than the CPI-W on average, but there can be wide differences between the two. For example, if the CPI-E were used to calculate the COLA it would be 1.2% in 2020, vs. 0.5% based on CPI-W data through March 201We had similar situation in 2016 and 2017 when the COLA was zero and 0.3%, respectively. The CPI-E would have yielded 0.6% instead of zero, and 1.5% instead of 0.3%. Those are not big differences, but like interest, compound over time. For anyone depending on Social Security for half of their income or more, every dollar makes a difference - and adding up over time may be enough to buy an extra week's worth of groceries..The survey found that rather than keep the Social Security status quo, 71% of respondents prefer the following package of changes: … Continued