Uncertain: 17%.TSCL Announces Support for New Bill.The Obama Administration along with many private corporations like Hewlett-Packard and Walgreens announced several other new projects that will aim to improve the lives of seniors at Monday's conference. For more information, check out the White House's Fact Sheet that summarizes each one..The U.S. has given billions of dollars to drug companies to develop a vaccine against the coronavirus that has infected more than 5.1 million people across the country. It has even gambled on locking in a minimum of 800 million doses as soon as the immunizations are cleared later this year or early next year..The CBO option would change the taxation of Social Security to be more like distributions from defined benefit pension plans. Those distributions are fully taxable except for the portion that represents the recovery of "basis," or what an employee paid in - that is, his or her after-tax contributions to the plan. Once the recipient has recovered his or her entire "basis" all subsequent pension distributions are fully taxed..Congress made a big deal over "No Budget No Pay" earlier this year. But what happened since? Was a budget ever passed? Is Congress getting a paycheck this year?.At this point, the future of the Social Security tax holiday is unclear, though some believe it may resurface later this year as the Joint Select Committee on Deficit Reduction takes up the challenge of reducing the deficit by at least .2 trillion before Thanksgiving..Under current law, immigrants who work without legal authorization, but who later gain legal status, aren't prosecuted for using fraudulent or even stolen Social Security numbers. Those who kept evidence of earnings, like W2s, could later reinstate unauthorized earnings under a valid Social Security number and legally claim benefits based on those illegal earnings. Suspicious wage reports remain in the Earnings Suspense File until the Social Security Administration receives evidence to link the unidentified earnings to a valid work-authorized Social Security number..In the meantime, The Senior Citizens League supports legislation that would boost Social Security benefits and tie the annual COLA to an index that better reflects the expenditures of retirees, such as the Consumer Price Index for the Elderly. To learn more visit.

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As with the start of any new Congress, TSCL is encouraging Senators and Representatives to reintroduce and cosponsor key legislation, like the Consumer Price Index for Elderly Consumers Act, the Notch Fairness Act, the No Social Security for Illegal Immigrants Act, and the Social Security Fairness Act. TSCL's legislative agenda for the next two years includes the following issues, among others:.The 2018 findings represent a substantial 4 percent loss in Social Security benefit buying power from January 2017 through January 201The loss deepened from 30 percent in 2017 to 34 percent in 201Of the thirty-nine costs analyzed in the study, twenty-six exceeded the percentage increase in the COLA over the 2000 to 2018 period..Nonetheless, TSCL will not let the Senate forget that the need to pass legislation to help bring down the prices of prescription drugs must not be set aside because of the coronavirus threat. Many, many seniors are at risk because they can't afford the drugs they need, and the situation must be dealt with now. … Continued

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The Senior Citizens League supports legislation that protects Medicare benefits and lowers out-of-pocket costs for beneficiaries. To learn how to get involved, visit..Check the insurer's financial strength. Since you may have your.Recently we received the following example: … Continued

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