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In 2020, the Social Security Trust Fund received far less in revenues than expected, due to three reasons:.TSCL is working to develop legislation that would ensure greater retirement security for older Americans by providing a modest boost in benefits. TSCL believes that a boost can be provided if Congress would raise the taxable maximum earnings that are subject to Social Security taxes - requiring all workers to pay their fair share..Members of Congress may lose an election but unlike other Americans, they never lose their retirement and health benefits. A Member of the House or Senate who retires at age 60 after just 12 years in office will receive a Congressional pension of ,000 a year and lifetime benefits that could total more than 0,000. That doesn't even include 401 benefits or their Social Security benefits -..As we all know, senior citizens are the most likely to be hospitalized or die from the Covid-19 virus -- by a wide margin..There are apparently also political and ideological reasons for the reluctance at this point to get the vaccine when one becomes available. According to one survey, attitudes were split along party lines..two separate apartments, consider renting a portion of your home, or following a.What financial actions have you been forced to take over the past 12 months? Please take TSCL's new Retirement Survey and let us know!.Alexandria, VA - Millions of the nation's oldest and poorest senior citizens would be compensated for the lower Social Security benefit they've received for more than 30 years under proposed bipartisan legislation. Introduced in the U.S. House by Representative Mike McIntyre, and in the Senate by Senator David Vitter, the bill is supported by The Senior Citizens League, one of the nation's largest nonpartisan senior citizens advocacy groups..While the drug industry gave money to a broad range of candidates, it focused in particular on those on key committees that oversee health care legislation."

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During the debate over the debt limit, you undoubtedly heard the President try to scare you into believing Social Security checks would not come. Let me be blunt. The federal government takes in nearly seven times more than it needs every month to pay Social Security checks. The money was there. If checks didn't come, it would have been because the President had chosen not to pay them. You did not read that wrong. If you had not received your Social Security payment, it was because the President has directed the Secretary of the Treasury not to pay it..We are pleased and grateful that Rep. Grace Meng has once again introduced legislation, H.R. 3839, to remedy this situation. It would allow workers who reach age 65 after 1981 and before 1992 to choose either lump sum payments over four years totaling ,000 or an improved benefit computation formula under a new 10-year rule governing the transition to the changes in benefit computation rules enacted in the Social Security Amendments of 1977..The effect tends to be tempered by the fact that the federal poverty level itself is adjusted for inflation every year, using the Consumer Price Index for Urban Consumers. In most years the CPI-U grows slightly faster than the index used to adjust Social Security benefits, the Consumer Price Index for Urban Wage Earners and Clerical Workers. Thus, it tends to keep pace with the COLA. But in 2020, the CPI-U grew more slowly than the COLA, growing just 1% instead of the CPI-W's 1.3%. Thus, SNAP benefits and many other types of benefits were reduced or even eliminated this year for some beneficiaries. … Continued

Blog Supreme Court To Hear States Challenge To The Birth Control Mandate Exemption

Seniors born from 1917 through 1926 often receive lower benefits than do other retirees with almost identical work and earnings records. Although reductions of about 10 percent for average earners was expected at the time of the changes, Notch babies were often affected by disparities of 20 percent or more, because a phase-in benefit formula failed..In addition to the care given at the hospital, the staff travels to nursing homes and other care facilities to administer needed medical tests. This hospital alone is responsible for more than 250,000 lab tests a year. When I spoke to the hospital's CEO he told me the hospital doesn't recover its costs on those tests. "We do them because the patients in the nursing homes need us," he said..AHCA Advances Through House … Continued