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February 06, 2012
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Disability News

 

Social Security Trustees Release Annual Report to Congress

WASHINGTON, D.C – The Social Security Board of Trustees, a six member bipartisan panel that oversees the financial operations of the Social Security Trust Funds Administration, released their 2006 Trustees Report Monday, reinforcing predictions that Social Security cannot pay full promised benefits to future generations, due to our country’s changing demographics.

“Today’s report reminds us of why Social Security reform and overall entitlement reform is so important,” said U.S. Rep. Ron Lewis (KY-02), a member of the Ways and Means Social Security Subcommittee. “The facts of this report are undeniable. Millions of baby boomers are nearing retirement while the costs necessary to sustain Social Security and Medicare are growing exponentially. This report should refocus our concern and reinvigorate our efforts to address the serious challenges these programs face.”

The Trustees report warns that Social Security tax revenue will fall short of benefit costs beginning in 2017. By 2040, with trust fund revenue exhausted, Social Security will be sufficient enough to finance only 74 percent of promised benefits. The Trustees project that benefits will have to be cut 27%, or the payroll tax will have to be increased by 50%, to pay full promised benefits.Read more at house.gov

 


 

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Did You Know?    
 
 
Accessibility is mandated by the US government
As required by the Americans with Disabilities Act, removal of barriers that would hinder a person with a disability from entering, functioning, and working within a facility. Required restructuring of the facility cannot cause undue hardship for the employer.

 


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Latest news about Disability cases in Alaska and nationwide:

Social Security
The 2006 Social Security Trustees Report shows little change in the projected financial status of the Social Security program over last year. The T...
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DeMint Press Release Following the Failed Vote
Washington, D.C. – Today, fifty-three U.S. Senators voted against an amendment to the Fiscal Year 2007 Budget Resolution, introduced by U.S. S...
Read more >


Little Change in Social Security Solvency
The 2005 Social Security Trustees Report shows little change in the projected financial status of the Social Security program over last year. The T...
Read more >


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Social Security Attorneys.com Terms

 


Today's Terms

Mandatory Supplementation

Definition:
The supplementary payments that are made only to beneficiaries who were converted to the SSI program from former State assistance programs at the inception of the SSI program.

Reasonable Accommodation

Definition:
Any change in the job application process, work environment or work process, or modification to the benefits or privileges of employment, that results in equal employment opportunity for an individual with a disability.

Medicare (SSDI)

Definition:
Two-part health insurance program for eligible disabled individuals and people age 65 or older

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Disability Hot Topics

 
Topics Related to Disability:

  • Spinal Cord Injuries
  • Broken or Severed Limbs
  • Vision Injuries
  • Access to Public Accommodations

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Alaska Social-Security Attorney

 
If you live in the following cities and need an Social-Security attorney you should contact our Social-Security Attorney as soon as possible:

  • Anchorage
  • Bethel
  • Chugiak
  • Eagle River
  • Fairbanks
  • Juneau
  • Kenai
  • Ketchikan
  • Kodiak
  • North Pole
  • Palmer
  • Sitka
  • Soldotna
  • Wasilla
 


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