Nearly twenty new initiatives were revealed at Monday's conference. In his speech, President Obama announced one that will encourage workers to save more for retirement by helping states create new workplace-based savings opportunities. Currently, around one-third of all employees do not have access to a workplace retirement plan. The initiative announced on Monday will "provide a clear path forward for states to create retirement savings programs" by the end of this year, President Obama said..Transportation services.Don't expect much growth in Social Security benefits next year. According to consumer price index data, Social Security and other adjusted benefit payments will probably stay pretty flat. With the Social Security Administration getting ready to announce the 2014 cost-of-living-adjustment on October 16th, the COLA looks like it will be in the vicinity of 1.7%. That would raise average monthly benefits of ,157 by just .70..What that means, in plain language, is the President is suggesting that for an unspecified "short term," taxes paid by workers into the Social Security system be suspended, further weakening the Social Security system..Two Bills Gain Support.In a statement, Senator Warren said: "This bill will make a life changing difference for the millions of Americans who experience hearing loss but can't access the care they need because of archaic regulations. I'm glad to work with Senator Paul on this common-sense step to bring down costs for our seniors.".It's clear we need to take action to protect Medicare for future generations and safeguard it against those who want to turn it into a coupon-style voucher system. For over half a century, Medicare has guaranteed older Americans' access to health care, and most seniors don't want to see something so essential endangered or gutted. But here's some good news: There are steps we can take to put Medicare on sure financial footing and build upon it to improve insurance coverage and affordability for older Americans not yet on Medicare..Does Social Security Provide Enough Income For Today's Retirees?.The switch is insidious for that reason. But a.03 of a percentage point reduction can make a huge difference to what you receive in Social Security, especially as you get older. The following chart illustrates the impact over the first ten years on a married couple that receives ,500 per month in Social Security benefits today. After ten years the cut would reduce benefits by per month, and by nearly ,475 over that period.

After Staggering 101 Covid Deaths Reported Friday Doctors Warn Of More High Fatalities On The Way

TSCL is calling on Congressional leaders to make them aware of the situation and to propose a 2.5% Emergency COLA..At the Social Security Subcommittee's hearing, the focus was also on three specific proposals: cutting the Social Security cost-of-living adjustment by adopting the "chained" Consumer Price Index, raising the eligibility age, and increasing the cap on income subject to the payroll tax. Support for each proposal was mixed, and while experts on the panel spoke with a sense of urgency, no real consensus was evident among Members of the Subcommittee..As part of efforts to strengthen the Social Security system, Congress included the Windfall Elimination Provision and the Government Pension Offset in the Social Security Act of 198While intentions were noble, these changes did little to protect the Social Security system. Instead, they unjustly penalized millions of public sector employees. … Continued

Labor And Employment Labor Workers Future Magazine2020

My frail mother was in the hospital after passing out and falling. She stayed "in observation" for four days and received a number of tests for stroke, heart and circulatory problems. After discharge, her doctor said she needed nursing home care. The nursing home warned us that if mother's hospital stay was observation Medicare would not cover the nursing home stay. She has received several large bills for the hospital care. We can't afford to pay for this care out-of-pocket. Can you suggest anything?.TSCL enthusiastically supports Rep. Garamendi's CPI-E Act, and we thank him for his leadership on this important issue. In the months ahead, we look forward to working with his office to build support for the bill. In the meantime, we urge our members and supporters to contact their elected officials to request their support for H.R. 125For contact information, click HERE..There's an overwhelming flood of retirement information targeted to higher -earning upper income Americans, but just about everyone else with more modest incomes are without the guidance to help make the best retirement decision. … Continued

Contact Atavista Farm Today!