Education U S Student Performance On Pisa What Legislators Need To KnowIt makes no difference if a Member of Congress has broken the law. This newsletter recently reported that former Representative Randy "Duke" Cunningham, who was sentenced to eight years in jail for bribery charges, is entitled to an annual pension of about ,000. Currently, it takes an act of treason for a Member of the House or Senate to lose a pension..By working longer, you may have access to employer-provided health.Congressional Recess Begins … Continued
Blog Combatting Misinformation During An Infodemic2017 TSCL Senior Survey, "5th Annual Consumer Survey on Social Security," Nationwide Retirement Institute, April 201"25% of High Earners Have a Huge Misunderstanding About Social Security," Retire With Money newsletter, Elizabeth O'Brien, Time.com, Money, April 25, 2018..The soda is getting warm, and I decide to put it in the fridge to keep it cold.."TSCL believes voters need to understand that one of the most likely actions that Congress may take is to 'borrow' or otherwise reallocate payroll taxes originally destined for retirement benefits, to cover disability benefits instead," Cates notes. Congress has taken such action six times in the past to delay exhaustion of the DI trust fund.[ii] Doing so would give Congress more time to fix the system, but the move would worsen retirement program financing more quickly. If implemented, the Social Security Chief Actuary estimates that the retirement fund would only have enough revenues to cover 75% of costs by depletion, at which time retirees would face benefit cuts of 25%. "This raises an important question," Cates notes. "Would today's retirees go for a bailout of the disability system using money that's supposed to be for their own retirement benefits?" Cates asks. … Continued
