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The good news is that in the years following attaining full retirement age, you may earn as much as you want without reduction to your benefits..TSCL is meeting with new Members of Congress to get them up to speed on the Notch, how it impacts the adequacy your Social Security benefits, and the importance of Notch Reform. We encourage all of you to take time to write to your Members of Congress about how the Notch has affected your retirement income and urge them to co-sponsor Notch Reform legislation, the Notch Baby Act of 2011, and the Notch Fairness Act..According to the most recent Social Security Trustees report, Social Security already pays out more in benefits than it receives in payroll taxes. In 2019, Social Security paid ,047.9 billion in benefits versus receiving 4.5 billion in payroll tax revenues. Taxation of the benefits of retirees provides another .5 billion in revenues, and .8 billion is money from "interest" earned by the assets of the Social Security Trust funds, special non-marketable bonds. Social Security trustees forecast that the program will be depleted by 2035..The survey found that a person having the national average Social Security benefit in 2000 - 6 per month - would have ,169.80 per month by 2016 due to COLA increases. However, because retiree costs are rising at a substantially faster pace than the COLA, that individual would require a Social Security benefit of ,517.80 per month in 2017 just to maintain his or her 2000 level of buying power..Someone has left it on the kitchen table..benefits. We're living longer, and Social Security benefits alone, even with.A balanced budget amendment to the constitution, like the one that was considered this year, would prohibit the federal government from spending more than it collects in revenues each year. It's a budget gimmick that would essentially make it unconstitutional for Social Security and Medicare to use the trust fund reserves they currently have to pay out benefits, because it would prohibit "borrowing" even when new revenues are insufficient to pay out benefits. Additionally, the federal government would be prohibited from repaying the .7 trillion it currently owes to the Social Security trust funds..If signed into law, S. 1904 would strengthen Social Security benefits by enacting an across-the-board benefit increase, adopting the Consumer Price Index for Elderly Consumers, increasing the minimum Social Security benefit to 125 percent of the poverty line, and increasing the threshold on the taxation of Social Security benefits. It would also strengthen the solvency of the trust funds by applying the payroll tax to income over 0,000, increasing the payroll tax rate by 0.05 percent annually until it reaches 7.65 percent, and reallocating funds to the Disability Insurance trust fund..A third initiative will increase access to nutritious foods for homebound individuals who can no longer drive by allowing Supplemental Nutrition Assistance Program benefits to be used for food delivery services. In addition, the Department of Transportation will be rolling out a new project called the National Aging and Disability Transportation Center. The .5 million initiative will help develop transportation options available to homebound older Americans.