Building Democracy The Story Of Legislatures Episode 2The disability program has been redeeming the assets, or IOUs, held in the DI trust fund for several years and is projected to become totally insolvent in 201Upon insolvency, legislation would be required if the DI trust fund were to borrow money in order to pay benefits, even if the money is borrowed from the OASI trust fund. The two funds have borrowed from each other in the past. During the 1980's, the OASI trust fund borrowed from the DI trust fund and the money was later repaid. However, in 2018 the OASI trust fund will be facing its own financial problems..If your "provisional" income is over the base amount, then a portion of your Social Security benefits would be taxable. Up to 50% of your Social Security benefits are taxable if your provisional income is above ,000 to ,000 if you file singly, or above ,000 to ,000 for joint filers. If your provisional income exceeds ,000 or ,000, up to 85% of your Social Security benefits are taxable..Federal law prohibits the two Social Security trust funds from borrowing or transferring payroll taxes from one program to the other without Congressional action. While such action has been taken 11 times in the past to temporarily avert a Social Security funding shortfall, a TSCL poll conducted in July of last year found that less than 1 percent of participants say that shifting revenues from one trust fund to another would be the best way to fix the program. … Continued
Look Out For Heart Attacks Around The HolidaysIf signed into law, the Improving Care for Vulnerable Older Citizens through Workforce Advancement Act would create six different demonstration projects that focus on the coordination of care and the delivery of medical services to elderly patients with chronic illnesses. The projects would design and test new models of care coordination, and direct-care workers would be granted opportunities to advance their careers through additional training, increased compensation, and expanded roles..Upon introducing the bill, Sen. Brown said, "For many Americans, Social Security benefits are the foundation of their retirement security. But many of our public sector workers like teachers and first-responders have seen their benefits reduced for years because of unfair laws that target them … These workers have taught our children and kept our communities safe. It's time they receive equal treatment under Social Security law.".For information about town hall meetings near you during the spring recess, call the local offices of your elected officials. You can find contact information for your Members of Congress right here. … Continued
