Kyle Carpenter joined TREA in 2013 while stationed at Buckley AFB in Colorado and became active in Chapter 3Kyle has served in the Air Force for 20 years, first as active duty and currently as a guard member in active duty status. Kyle is currently serving in the Arkansas Air National Guard on active duty. He holds a master's degree in Maters of Business Administration with an emphasis in Healthcare from University of Phoenix and a bachelor's degree in Business Management from University of Phoenix. Kyle also obtained his Community College of the Air Force associate's degree in Human Resource..Here is a portion of that report:.The COLA isn't living up to the promise of protecting the buying power of your benefits, and retirees are getting short changed. We need to work together to enact legislation that will provide a more fair and adequate COLA. To learn how you can get involved visit:..Congress Adjourns for Spring Break.But while FICA taxes and the revenues paid by older taxpayers on Social Security benefits are real cash, the "interest" earned by the I.O.U.s is a "paper" accounting entry. There's no dedicated source of revenue for that money. The money to repay the Social Security Trust Fund comes from general revenues, and Congress borrows more money by lifting the debt limit..The August recess is a tradition that dates back to the early days of our republic when there was no electricity and, therefore, no air conditioning. Washington was so hot and miserable in August that the members of Congress wanted to get out of town and go somewhere cooler. Even though the weather in Washington is still hot and miserable in August, the excuse to leave town is no longer valid because of air conditioning, of course.."But there's still time for Congress to pass legislation to provide an emergency COLA," says Cates. TSCL strongly supports legislation that would provide 70 million Americans with a one-time emergency COLA payment of 3.9%. The Seniors and Veterans Emergency Benefits Act was introduced last fall by Senator Elizabeth Warren, and a companion bill was introduced in the House by Representative Tammy Duckworth..Opinions expressed in "Congressional Corner" reflect the views of the writer and are not necessarily those of TSCL..The bill would provide critical savings to millions of older taxpayers with modest incomes below the new threshold amounts. But, as frequently can happen when legislation is under deliberation, progress on the bill was recently put on hold. Lawmakers are considering how the revenues to the Social Security and Medicare Trust Fund would be allocated, and from where replacement revenues lost due to the tax cut would come.

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While you can count medical bills for you, your spouse and dependents listed on your tax return, you may also be able to count some medical expenses that you paid for a family member who's not considered a dependent for tax purposes. This is the sort of question you should discuss with a tax professional..The more you learn about the COLA, however, the more the anemic annual boosts of our past decade raise questions. The very first COLA ever paid was 77%. No, you read that right, this is not a typo. It became payable in 1950, one year before I was born, and a full ten years after Ida May Fuller received the nation's very first Social Security benefit check for .54 - the equivalent of 0.90 today..In 2016 the COLA was zero and Part B premiums rose by 16.1 percent. In 2017 the COLA was just 0.3 percentage point, and Part B premiums rose by 10 percent. "Those premium spikes were due in large part to the cost-shifting effect created when no COLA was payable," Johnson notes. … Continued

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You will need to contact Social Security at to request an appointment. Social Security has a local office locator that you can find here. In the meantime learn more about Social Security survivors benefits on the.TSCL will continue to monitor this debate, and will work to educate Members of Congress about the potential for problems in funding benefits that could result from extending the payroll tax holiday. In the meantime, TSCL is also asking seniors to contact their Members of Congress and urge them to oppose extending the Social Security payroll tax cut..There's power in numbers. If you're concerned about your Social Security benefits, share this information with others and encourage them to visit the TSCL website to learn more. To learn how much COLA cuts might cost you, try the TSCL Chained COLA calculator. … Continued

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