Leaders in Congress seem optimistic that they will reach a deal in the coming days. In a brief with the Republican Conference on Thursday morning, House Speaker Paul Ryan said, "I believe we will successfully complete the negotiations. We're not going to rush it. We're going to get it right.".If signed into law, the Notch Fairness Act would provide modest compensation to Notch babies, or those individuals who receive lower Social Security benefits because they were born between 1917 and 192TSCL feels that this inequity was brought about by the Social Security Act Amendments that were signed into law in 197Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. TSCL strongly supports the Notch Fairness Act, which would provide Notch babies with either a ,000 lump-sum payment or an increased monthly benefit..Elizabeth Curda of the Government Accountability Office explained that the operating system for filing and processing these claims was built in the 1950s and requires .1 billion just to maintain, not to improve, the system. Max Stier from the Partnership for Public Service said: "We have a legacy government that hasn't kept up with the world.".Nonetheless, The Senior Citizens League urges lawmakers to act responsibly and to fund the federal government immediately so that federal agencies can operate as smoothly as possible. In the days ahead, we will keep a close eye on the evolving negotiations, and we will continue to advocate for legislative solutions that would fully fund the federal government..A lot is at stake. Members of Congress and President Obama have been considering cuts to Social Security cost-of-living adjustments to lower government spending cuts that still remain on the bargaining table. In addition, the Social Security Disability Insurance Trust Fund will be fully exhausted in just three years, according to the Congressional Budget Office. An immigration amnesty would give new access to Social Security for an estimated 11.5 illegal immigrants currently in the U.S., who would become eligible for benefits that potentially include credit for earnings under fraudulent Social Security numbers..While it is true that we must come together to address our budget, we cannot fix our fiscal problems on the backs of our seniors. We also must not use our economic future as a bargaining chip to advance unrelated partisan interests. During my time in Congress I'm proud to fight for Medicare benefits for our next generation of seniors. As we look forward to the next 50 years I am cognizant of some of the challenges facing Medicare. But I also see opportunity:.TSCL supports H.R. 4012 enthusiastically, and we were pleased to see two new cosponsors sign on to it this week. We will be advocating for the passage of H.R. 4012 and S. 2251 Sen. Elizabeth Warren's companion bill tirelessly in the coming months because we know that a 3.9 percent COLA would provide much-needed relief to our members and supporters next year..To read more about Medicare see the 2015 Medicare & You handbook. Get a copy here..Before a company's drug patent expires, manufacturers of generics race to file lawsuits to challenge the patent. The company that wins gets a six-month period of exclusive sales to sell the drug. While this doesn't always happen, when it does it can delay real market competition until several manufacturers start making the generic version.

Report Section Kff Health Tracking Poll June 2020 Methodology

This week, the Social Security and Medicare Trustees released their annual reports on the financial standing of the two programs. In addition, the Supreme Court announced its decision on the immigration orders President Obama released back in 2014..The retirement pensions of most average Americans, however, have not received the same level of dedicated protection from our elected lawmakers over the years. In 1977, Congress enacted changes to the Social Security benefit formula that cut benefits for persons who first became eligible to retire just two years later. Because of flaws in the transition and unexpectedly high inflation during the period, benefit reductions were even greater than anticipated. Seniors born from 1917 through 1926, known as Notch Babies, receive lower benefits than other seniors with similar work and earnings records. According to studies for TSCL, Notch Babies' benefits are ,000 to ,000 per year lower, on average, than those of other retirees with similar work and earnings records..New Alzheimer's Drug Sparks Controversy … Continued

Meetings Training Legislative Summit 17 Events Social Events

keep your job, or consider going back to work, even if you've already started.The legislation prevents a 19% Social Security disability benefit cut by a short-term reallocation of payroll tax revenue in 2016 through 201This would be sufficient to pay benefits until 2022 and would not affect the 2034 depletion date of the Social Security retirement trust fund, according to Social Security's Chief Actuary..Despite known challenges ahead for seniors, the COLA may be the next victim of the fiscal cliff. Leading deficit reduction plans under discussion would significantly whittle the Social Security benefits that the majority of seniors count on for more than half of their income. … Continued

Contact Atavista Farm Today!