It turns out than among seniors who are not vaccinated, the biggest problem may be access to the vaccine as opposed to opposition to getting the shot..TSCL consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. TSCL was first established as a special project of The Retired Enlisted Association. On January 1, 1995, TSCL became an independent 501 citizens' action organization..Over the weekend it was announced that the Senate and the White House were able to come to an agreement about new legislation and it will be presented today. However, reports are that the GOP bill will cost about trillion while the House-passed bill has a cost of trillion. That means there will have to be major negotiations between the House and Senate once the Senate finally passes its bill..First, the payroll tax cut undermines the self–sustaining nature of Social Security and for the first time in more than seventy years, the program has become reliant on the federal government's general revenues. Under the law, the government must provide Social Security's Trust Fund with a dollar–for–dollar replacement for any lost revenues due to the tax cut. In 2011, the government's reimbursement funds accounted for 13 percent of Social Security's income. TSCL finds it troubling that the tax cut has disrupted the financing structure of Social Security, which has worked seamlessly since the program's inception..This week, Members of Congress remained in their home states and districts for the week-long holiday recess. In the days ahead, many will be hosting town hall meetings to discuss important legislative issues with constituents..On Wednesday, lawmakers on the Senate HELP Committee held a courtesy hearing to question Representative Tom Price, a Congressman from Georgia and an orthopedic surgeon who has been nominated to fill the position of HHS Secretary. Both the Social Security Administration and the Centers for Medicare and Medicaid Services fall under the jurisdiction of HHS, and the agency has one of the federal government's largest budgets at trillion..The Windfall Elimination Provision and the Government Pension Offset were included in the Social Security Act of 1983 to help shore up the Social Security program. I believe this has done little to secure the program and, instead, unfairly reduces the Social Security benefits of millions of public employees. Earlier this year, I reintroduced legislation, H.R. 973, the Social Security Fairness Act, to repeal these arcane policies..If you meet all of these qualifications, you are eligible for a benefit as a divorced spouse that is equal to one-half of what your ex-spouse would receive at his full retirement age. For example, if he qualifies for a monthly benefit of ,000 at age 66, then you would qualify for ,000 per month at your full retirement age, also 6Your spouse may currently be younger than full retirement age, but his full retirement age year is simply used to determine what you would be entitled to. However, even if you qualify to do so, if you claim now, your benefit at 64 would be just 41.7% of your ex's benefit. It will be reduced because you are under your full retirement age..CPI Data Through August 2012, Bureau of Labor Statistics, September 14, 201Social Security Monthly Statistical Snapshot, Social Security Administration, July, 2012.

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According to TSCL's 2017 Senior Survey, 8% of survey respondents said that their benefits have been withheld by Social Security due to excess earnings. Unless you have a terminal illness and are not expected to live very long, we strongly recommend that you consider delaying the start of your Social Security benefit until you are 66 or older when you will be eligible for the full, unreduced amount. To get the maximum, consider working until age 70 if you can. Your benefit will grow by 8% per year if you do..But the transitional formula failed, and in most cases, the new benefit formula abruptly kicked in. Extreme inflation that climbed to 14.3% in 1980 magnified the disparities. When the benefits are illustrated on a bar graph, they show a deep "V" Notch..Calculating the COLA in this manner would remove more of the uncertainty in years of economic recession and high unemployment and it would reflect inflation two ways - the growth in average wages which determine the average benefit, as well as the growth in prices. The national average Social Security benefit tends to rise most years, because new people coming onto the rolls tend to have higher wages than people who retired ahead of them. Indexing using this method would still tend to ensure a small boost to benefits even in years when inflation is so low that no COLA is payable. … Continued

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For those planning retirement however, it is the estimated dollar amount in Social Security benefits, not the replacement rate, that what one uses to determine a retirement budget, or how much more one will need to save for retirement. When one retires, it is the actual benefit amount, not the replacement rate that one must live on. One of the most frequent requests for services received by Social Security Administration is for an estimate of benefits. While no promises of benefits are made, millions of estimates are made annually. If the rules are changed abruptly, as they were for those born during the Notch period, this leaves no time to save for the shortfalls in benefits..A senior with the average Social Security benefit in 2000 received 6 per month, a figure that rose to ,129.80 by 201However, that senior would require a Social Security benefit of ,477.00 per month in 2013 just to maintain his or her 2000 buying power..Better Donut Hole Coverage - Higher Taxes Ahead … Continued

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