Congress Should Work Together to Strengthen Social Security.TSCL 2017 Senior Survey indicates there's widespread support for proposals that would improve benefits, particularly for older women. A majority, 55%, said they support giving credits to people who take time off from their job to provide care for children or older family members. Under the proposal women would receive wage credits up to a certain amount - ,000 per year is one proposal - to help fill in years when there are no earnings..TSCL enthusiastically supports the Social Security Guarantee Act since it would go a long way in ensuring the retirement security older Americans have earned and deserve. At a time when many in Congress are considering proposals that would cut Social Security benefits, we believe its passage is more important than ever.."Should Social Security's Cost-of Living Adjustment Be Changed?" National Academy of Social Insurance, April 2011..White House Press Secretary Josh Earnest has said President Obama is involved in the discussions and that he is monitoring the movement of the omnibus very closely. Regarding the controversial add-ons, he told reporters, "Our objection comes to ideological riders that are partisan and that in most other cases would not be able to pass the United States Congress.".According to the most recent Social Security Trustees report, Social Security already pays out more in benefits than it receives in payroll taxes. In 2019, Social Security paid ,047.9 billion in benefits versus receiving 4.5 billion in payroll tax revenues. Taxation of the benefits of retirees provides another .5 billion in revenues, and .8 billion is money from "interest" earned by the assets of the Social Security Trust funds, special non-marketable bonds. Social Security trustees forecast that the program will be depleted by 2035..The confirmation of Marilyn Tavenner marks a major milestone for CMS, and like those Senators who voted in her favor, TSCL is hopeful that her leadership will provide the Medicare program with increased stability..My doctor prescribed a new drug but, when I tried to fill it the first time, I learned that my drug plan does not cover it. The drug cost close to 0 dollars and I could not afford that! What can I do?.Although the Social Security trust fund is often reported as being solvent until 2033, there are two separate trust funds, each with separate insolvency dates. The trust fund for the disability insurance program is in the biggest financial trouble and is estimated to become completely exhausted in 2016 or by 2017[1]. "With 2016 being a major presidential election year, either the next Congress will need to enact program changes next year, or risk running out the clock and triggering across the board benefit cuts," Cates points out.

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The average Social Security benefit today is only ,240 a month. That's only 25% above the federal poverty level. More than one -third of all recipients depend on Social Security for 90% of their retirement income..TSCL would like to remind you to contact your Members of Congress to request their support for fair Social Security cost-of-living adjustments and other key issues. To find contact information for your Members of Congress, to learn more about key issues affecting seniors, or to sign a petition, please visit the ACTION CENTER of our website..Upon introducing the bill, Rep. Schiff said, "We must work to ensure that public employees, just like retirees who have private pensions, receive the full Social Security benefits to which they are entitled. We have a responsibility to our educators, police officers, and fire fighters to act now to repeal these inequitable provisions, and ensure that hard work for the public good is justly compensated, even in retirement." … Continued

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This cost shift hits includes retirees with the lowest incomes. Specifically it hits their state Medicaid budgets that pay Part B premiums for low-income Medicare beneficiaries - about 19% of all Medicare recipients. If Medicare Part B premiums go up by more than .40 per month in 2021, that would add yet another fiscal shock to state budgets that are already strained to the limit due to the coronavirus pandemic..A pending Totalization Agreement with Mexico could add more than 1.6 million Mexicans to the rolls and cost in excess of 7 billion by 2040 according to a new report released by TREA Senior Citizens League. The cost estimate, the first of its kind, was performed for TSCL to provide a more comprehensive picture of the impact a totalization agreement with Mexico would have on the fiscal solvency of Social Security..The survey showed that many people did not know how to safely use different cleaning products, even as most said they knew how to properly store and use them. About a quarter of respondents knew that only room temperature water should be mixed with bleach, and a third knew not to mix bleach with vinegar. More of the respondents - about two thirds - knew that eye protection and gloves were recommended when using certain cleaners. … Continued

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