News

  • Social Security Medicare Questions February 2012

    Five Bills Gain Support .The Social Security Administration (SSA) website provides free calculators which are somewhat useful to estimate retirement benefits, but they don't provide guidance on when to claim your benefit. These calculators require you to input information, and you will receive rough estimates. A much more useful estimate with less work can be obtained when you set up your "my Social Security" account. You can receive benefit estimates based on your own earnings records that the SSA actually has on file for you. Still, these estimates lack the most recent earnings information, and don't give you a monthly estimate if you were to retire mid - year. .In the absence of reliable data, we decided to ask the experts about the possibility of contracting the virus while on a flight. On the whole, airplanes on their own provide generally safe environments when it comes to air quality, but experts said the risk for infection depends largely on policies airlines may have in place regarding passenger seating, masking and boarding time. … Continued

  • Category Legislative News Page 19

    "Turning our backs on trading partners during a crisis could damage our relationships long after this pandemic ends," the Pharmaceutical Research and Manufacturers of America (PhARMA) and dozens of other business and trade groups wrote in a letter to the administration. .Sources: "The Supplemental Poverty Measure: 2016," U.S. Census Bureau, September 201"How Many Seniors Are Living in Poverty? National and State Estimates Under the Official and Supplement Poverty Measures in 2016," Kaiser Family Foundation, March 2, 2018. .(Washington, DC) A new analysis from The Senior Citizens League takes a look at what the Social Security Trust Fund might collect in payroll tax revenues from just a few of the highest paid U.S. workers. "In a sampling of just 20 CEOs from the Fortune top 80 companies, the analysis found that total base salaries and performance pay not currently taxed for Social Security is expected to total 1.5 million in 2018, averaging more than million per CEO sampled," stated Mary Johnson, a Social Security policy analyst for The Senior Citizens League. … Continued

Key Bills Gain Support in Congress .Recently a journalist, familiar with my estimates of cost-of-living adjustments, contacted me for my thoughts on the topic.. What's Missing From Your Social Security Check? For Many — 7 , editor .TSCL strongly supports The PRIME Act, bipartisan legislation that would prevent the loss of billions in Medicare dollars every year. The PRIME act would make it more difficult to misuse Medicare provider billing information used in prescriber fraud. The legislation also requires the Center for Medicare and Medicaid Services and law enforcement to take steps to curb the use of stolen physician identities. .In addition, one new cosponsor – Rep. John Larson (CT-1) – signed on to the Strengthening Social Security Act (H.R. 3118), bringing the total up fifty-eight. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the Consumer Price Index for Elderly Consumers (CPI-E), resulting in more accurate cost-of-living adjustments (COLAs), and it would lift the cap on income subject to the payroll tax. It would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .The Potential Cost to Social Security Trust Fund Is Growing At An Unprecedented Pace .Other critics say that revising the government's purchasing rules will not provide a quick solution to the supply shortages of the current pandemic. "Making Buy American provisions tighter during the current crisis would likely do more harm than good," according to William Reinsch and Jack Caporal of the Center for Strategic and International Studies. .Can We Trust Congress After Surprise Social Security Cuts? .The Senate amended and passed the bill 90-2 on March 25, with two Republican Senators voting against it. .Surveys show a majority of Americans would like to see an increase in the Social Security payroll tax, but a new tax reform proposal would eliminate the 12.4 percent payroll tax altogether. This would end Social Security as we know it and transform it into a welfare program for older Americans. Do you support this drastic new proposal?