In January of 2021, bipartisan legislation, the Social Security Fairness Act, which would eliminate the WEP and the GPO, was introduced by Rep. Rodney Davis. To date, the bill has 136 co-sponsors including BOTH Democrats and Republicans. TSCL strongly endorses this legislation and we encourage you to ask your Representative to support it. Public service employees deserve to get all the Social Security benefits they rightfully have paid for..To make things safer due to the coronavirus, lenders are transitioning to a virtual home mortgage process, and most areas are served by mobile notary services. Currently, there are at least 26 states that allow some form of remote online notarizations..TSCL enthusiastically supports the No Social Security for Illegal Immigrants Act, and in a survey that we conducted in January, nearly 90 percent of our members and supporters agreed that such payments should be prohibited. We commend Rep. Rohrabacher for introducing legislation that would protect the integrity of the Social Security program while preventing an unnecessary and unspecified strain on the Trust Fund. We look forward to working with him in the coming months to help build support for the critical piece of legislation..Roughly one - half of all retiree households report that a portion of their Social Security benefits are subject to taxation, according to recent survey results from The Senior Citizens League. "This is a tax that was estimated to affect just 10 percent of Social Security beneficiaries when it was first enacted in 1983," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..Without an emergency COLA, the financial impact of rising Medicare Part B premiums on beneficiaries is expected to vary significantly. A provision of the Social Security Act known as the "hold harmless" provision guarantees that the Social Security benefits of most seniors and the disabled will NOT be reduced when the Medicare Part B premium increases by more than the amount of that person's COLA. The Part B premiums will therefore be adjusted so that the monthly Social Security benefits of people protected by this provision will not be reduced from one year to the next..TSCL Endorses New House Bill.or the amount Medicare pays for the service. Do this before I have to nag you,.Coronavirus may derail Senate plans for other legislation.The coronavirus has caused a dramatic decline in home mortgage rates, but that doesn't necessarily mean it's a good time for everyone to refinance. The good news is that, in many areas of the country, lenders and states are making the process safer for your physical health. That said, refinancing in retirement is still a process that carries risk to your fiscal health.
