Blog Medicaid A Changing Federal State PartnershipFederal revenues are now expected to be .5 trillion less over the next decade. But, Uncle Sam still owes about .9 trillion in "interest" and the money needed to redeem the I.O.U.s held by the Social Security Trust Fund. Paying the interest and redeeming the bonds will necessitate greater borrowing, new revenues - or, benefits would have to be cut..TSCL believes modestly higher retirement benefits are needed by a majority of people at or nearing retirement. A number of national studies indicate that millions of older Americans are entering retirement without the financial resources to cover retirements that may stretch 30 years or more. A 2015 report from the U.S. Government Accountability Office that says about one - half of households 55 and older have no retirement savings, and many of those that do run the risk of falling short of income..Some of the most talked-about plans using a "chained" consumer price index to calculate annual cost-of-living adjustments, cutting the payroll tax, and reducing benefits for people who are currently retired or nearing retirement would devastate many of the most vulnerable seniors. … Continued
At Minnesota Hospitals Er Boarding A Covid19 ConsequenceYour wife's survivors benefit would not be reduced and she would receive the ,842 you would have received had your benefits not been reduced due to the WEP. For more information on survivors benefits, visit. Learn more about the Windfall Elimination Provision here. If you receive a pension for work not covered by Social Security, learn how your spouse or survivors benefits may be affected by the Government Pension Offset here.."Lawmakers Never Faced With Losing Benefits," The Associated Press, April 19, 2006..What do you think? Take TSCL's 2016 Senior Survey. … Continued
