The American Association of Actuaries today held a press conference urging immediate action to delay or prevent the complete collapse of the Social Security retirement system.
“Such adjustments would be politically difficult,” the economists wrote, “but age inflation and the lack of adjusting for it has quite a bit to do with the solvency problems of Social Security and Medicare.”
From the AP: 'Barack Obama's bid to place a new Social Security tax on very high incomes is either a bold or foolhardy plan, depending on who critiques it.
A new 544-page report by the Veterans' Disability Benefits Commission says veterans are waiting 177 days to have claims processed.
Social security benefits are adjusted annually, based on year over year increase in the Consumer Price Index (CPI-W). The adjustment amount is announced each October.
In time, as more of the Baby Boomers die and as more young people enter the overtaxed labor market, pressures to reduce Social Security benefits and to raise the retirement age will build.
Bracy is forgetting the other half of this deal - "Social Security benefits are calculated based on what a worker pays into the system over a lifetime.
My Mom is 80 divorced and recieves a small portion of Dad’s SS Benefits ( he died 21 yrs ago) He remarried and the second wife recently died .
What's clear is that, however the Obama plan is crafted, it would not come close to solving the fundamental problem that Social Security revenue will not be able to pay promised benefits.
You see, Social Security benefits were not suitable for persons of their rare elevation in society.They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan. In more recent years,
Even if those reserves get exhausted, benefits supportable by ongoing Social Security tax revenues after that time will be greater, adjusted for inflation, than they are now. 3) The expected 75-year shortfall amounts to 0.38 percent
Your Full Retirement Age depends on when you were born.
The Congressional Budget Office estimates that there is only a 7% probability that someone born in 2000 will receive their Social Security benefits as promised today.
Terrific, detailed overview of the law of social security benefits and divorce here in today’s Wall Street Journal.
This case involves offsets to long term disability benefits. The insurer sought an offset to its obligation to pay long term disability benefits because the plaintiff received Social Security disability income benefits and Veterans
If the couple simply wants the most money in the present, the wife should take the job because she will not owe social security taxes on the $10000 additional wages.
Hilaria Vallejo was shocked to learn that after 35 years of picking tomatoes in farms across the southern United States, she was not eligible to receive Social Security benefits.
That's a pretty misleading introduction to a Social Security story unless your intention is to create undue fear about the program's solvency
He claims that she voted to give benefits to illegal immigrants.
This claim is patently untrue. Senator Landrieu never voted to give Social Security benefits to illegal immigrants.
You can visit the Congress Budget Office and look up how much the 1%, 5%, and 10% (in fact all income brackets) as to how much they spend on social security and even the majority of taxes.
In your Q&A in the Express news 08-18-08 you discussed drawing early ss benefits. I do not think that you are exactly correct.
As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement ...
Administration to which she was not entitled as an undocumented, illegal alien
Suffering from a disability is challenging enough without having to struggle through the complicated tangle of government legalese regarding Social Security disability benefits.
