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SOCIAL SECURITY NEWS
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Social Security News
Social Security Ready to Enroll 10,000 Baby Boomers
a Day for 20 Years Online
Patty Duke Show stars helping agency promote new
online enrollment form
 Jan. 7, 2009 – Facing the deluge of 10,000 Baby
Boomers joining Social Security and Medicare every day for the next 20
years, Social Security has decided the monumental enrollment task is
best handled online. The agency, with some promotion help by “Patty
Duke,” has launched the Retire Online campaign.
Read
more...
 Social Security to Give Senior Citizens Largest
Cost-of-Living Increase Since 1982 – 5.8%
COLA will begin with benefits that over 50 million
Social Security beneficiaries receive in January 2009
Oct. 16, 2008 – It is now official – senior
citizens will get their largest pay increase from Social Security since
1982. The cost-of-living increase (COLA) will be an increase of 5.8
percent starting in January of 2009, the Social Security Administration
announced today. Read
more...
Social Security Only Consistent Income for Seniors
with Retirement Accounts Threatened
Obama, McCain battle over private investment
accounts. Administration's failed economic policies have threaten
seniors' income security, says Committee to Preserve Social Security,
Medicare
 Sept.
23, 2009 – With leaders in Washington focusing on a rapid solution to
the worst financial crisis since the depression, one advocacy group,
worried about retirement accounts and any threats to Social Security,
has issued a reminder to those shaping the rescue that “Social Security
provides the only consistent source of income for American
retirees and their families.”
Read more...
Medicare News
Senate Bill Would End Practice of Placing Social
Security Numbers on Medicare Cards
Durbin, Bingaman, Kohl introduce bill to protect
Medicare card holders from identity theft
 Sept. 17, 2008 – Congress may demand the government
removed Social Security numbers from Medicare identification cards and
communications to beneficiaries as part of the battle against identity
theft. Three Democrats introduced a bill in the Senate today to mandate
these changes, which have been recommended by the Social Security
Administration but ignored by the Centers for Medicare & Medicaid
Services.
Read more...
|
Social Security News
Social Security COLA for 2009 Still Heading Toward
Six Percent Increase with New Data
Bureau of Labor Statistics says critical consumer
price index jumped 5.9% in August
Sept.
16, 2008 – The consumer price index that is used to determine the
cost-of-living adjustment senior citizens will receive from Social
Security in 2009 was released today and the change for August 2008 over
August 2009 is still looking like the COLA will be an increase in the
range of 6 percent, the largest since 1982. The change for August is 5.9
percent.
Read
more...
Largest Social Security COLA Increase in Over 25
Years May Greet Senior Citizens in 2009
Current trends indicate it will be over 6% and
largest cost-of-living adjustment since 1982; announcement due next
month
Sept. 15, 2008 – Senior citizens may be headed for their largest pay
increase – or cost of living adjustment – in more than 25 years,
following this year’s Social Security COLA of only 2.3 percent.
Projections are now being made that the increase for 2009 will almost
certainly exceed six percent.
Read more...
|
Roll-Out of Direct Express Debit Card for Social
Security Recipients Reaches West Coast
In September, nearly two million federal benefit
recipients in 12 states will receive information about new check
alternative
 Sept.
4, 2008 - The check is in the mail – your Social Security check, that
is. But for nearly two million recipients in a dozen Western states it
may be about their last to be delivered by the postal service. Since
June, the U.S. Treasury has been rolling out the Direct Express Debit
MasterCard card as a new way for senior citizens and other recipients
to receive their benefits.
Read more...
Senior Citizen Alerts
Effort Grows to
Protect Seniors by Removing Social Security Number from Medicare Card
Social Security frustrated with refusal to change by
Centers for Medicare & Medicaid Services
 June
27, 2008 - Social Security says don’t carry your card on you, someone could
get the number and use it to steal your identity. Medicare tells senior
citizen to always carry their Medicare card, even though it has their Social
Security number prominently displayed. Social Security has been trying to
get Medicare to come up with a new card and identification system and,
finally, they are getting some help in this effort to protect older
Americans from identification theft.
Read more...
Social Security News
Social Security Financial Status Looks Better in
Trustees Annual Report
 Trust Funds exhausted in 2041 - the same as last
year’s estimate
March 26, 2008 – The 2008 report by the Social
Security Board of Trustees shows improvement in the projected long-term
financial status of the Social Security program from last year -
particularly in the later years of the long-range projection period.
This improvement is principally the result of methodological changes for
projecting certain aspects of immigration, says a news release from
Social Security.
Read more...
Economic Stimulus Payments Not Counted as Income for
SSI or Part D Help
A person whose sole source of income is SSI is not
eligible to receive a stimulus payment
By ElderLawAnswers.com
 March
24, 2008 - The special economic stimulus payments authorized by Congress
in February will not affect the benefits of persons receiving
Supplemental Security Income (SSI), Food Stamps, the Medicare Part D Low
Income Subsidy or other federal benefits.
Read
more...links to more on econimic stimulus
How
Much Will You Get in Economic Stimulus Check – Use IRS Calculator
 Are
you eligible to receive a payment and how much can you expect
March 19, 2008 – The IRS has introduced an Online calculator to help you
determine what how much you may receive – if any - as an economic
stimulus payment from the government trying to fight a sinking economy
by flooding the consumer market with cash.
Read
more...
Economic Stimulus Payment Mailer Targets Social
Security, Veteran Benefits Recipients
This mailing especially targets senior citizens and
others that may not have filed a 2006 return
 March
18, 2008 – The Internal Revenue Service is in the process of mailing
special information packages to 20.5 million recipients of Social
Security or Veterans Affairs benefits – primarily senior citizens - to
help them get their 2008 economic stimulus payment. Many of these
probably did not file a return for 2006 but must file for 2007 to
receive the stimulus payment.
Read more...
IRS Releases Schedule for Economic Stimulus
Payments, Fastest is Direct Deposit
Payments to go out weekly starting May 2 based on
Social Security number
March 18, 2008 - The Internal Revenue Service
announced yesterday that it will begin sending more than 130 million
economic stimulus payments on May 2 and that the fastest way to receive
the payment is with electronic filing and direct deposit.
Read
more...
Older Senior Citizens Should Consider Withdrawing
from Social Security and Reapplying for Higher Benefit
|
“Incredibly, a
recipient can ‘undo’ his decision to take Social Security
retirement benefits early simply by paying back - without any
interest or inflation adjustment - the benefits he's received.
He can then re-apply for Social Security and claim the bigger
monthly checks paid to those who wait until an older age to
claim benefits.” Laurence
Kotlikoff, a Boston University professor. Read more below |
A way to buy an inflation-adjusted annuity for a
price that beats anything offered by the financial industry – says
financial expert
By Tucker Sutherland, editor & publisher,
SeniorJournal.com
Feb. 26, 2008 – A seldom noticed provision in
Social Security allows senior citizens, who began taking their
benefits early, to pay the money back and reapply at their current age
and
get a much higher income for life. Many experts who have looked at the
idea think is is great.
We first noticed it in a column by Scott Burns, the
syndicated business writer at the Dallas Morning News. The headline on
the Burns column was “Reapplying for Social Security may be a good
idea.”
Read more...
Proposed 2009 COLA Will Keep Five Million Seniors
Below Poverty Says Senior League
2.8% increase will raise average benefit just $30.20
per month
 Feb. 14, 2008 - Late last month, the Congressional
Budget Office published a little-noticed estimate that forecasts seniors
will receive just a 2.8 percent increase in their Social Security checks
beginning in January, 2009, according to The Senior Citizens League.
Despite the increase, the League says, at least five million people aged
65 and over will remain in poverty, since senior costs are rising
significantly faster than the annual Social Security Cost of Living
Adjustment (COLA).
Read
more...
Private Investment Accounts, Progressive Indexing
Proposals Explained by Budget Writers
In 2013 workers will be allowed to use up
to 4% of their Social Security taxable earnings; indexing
allows poorest to get more
 Feb. 4, 2008 – To the shock of many, President Bush
again called for private investment accounts for the Social Security
program in his 2009 budget. Below is the rationale for the proposal as
explained in the budget. And, also an explanation of “progressive
indexing” proposed as part of a solution to restore Social Security to
sustainable solvency.
Read
more...
Bush Budget Again Includes Private Investment
Accounts in Social Security
Almost $700 billion budget provides $504 million for
new efforts to ensure correct benefits are paid to eligible people
Feb. 4, 2008 – The Social Security budget will grow
by $36.4 billion to $694,804 billion if
the budget submitted today by President George W. Bush is approved. But,
it is not likely to find support in the Congress as presented, since the
President is again making a run at gaining approval for private
investment accounts.
Read more...
Senior Citizen Politics
Senior
Citizen Entitlement Programs Take $208 Billion Hit in Bush Budget
President lays out $3.1 trillion budget and again
says Congress must solve financial future of Medicare, Medicaid, Social
Security
Feb. 4, 2008 - Entitlement programs – short for
Medicare, Medicaid and Social Security – will see spending cuts of $208
billion over the next five years, if the budget proposed today by President
George W. Bush is approved. The cuts in these programs that primarily affect
senior citizens are even larger than earlier estimates. The President,
today, repeatedly laid the problem at the feet of Congress, as he did in the
State of the Union address.
Read more...
Some Seniors May Soon Get Their Social Security
Benefits in Prepaid Debit Card
Treasury to introduce Direct Express cards for
those without bank accounts
Jan. 7, 2008 – Senior citizens who do not have bank
accounts may soon be getting their Social Security payment with a
prepaid debit card. The Department of Treasury says the new Direct
Express cards will provide a safer and more convenient alternative to
paper checks.
Read more...
A Simple Fix for Social Security Problems Proposed
by Think Tank Scholar
 Most know benefits increase with inflation but not
that first year pay is determined by wages, which suggests the solution
Nov. 9, 2007 – Everyone thinks Social Security
benefits are increasing by 2.3 percent next year – the recent rate of
inflation – but that is only partially true. It’s true for senior
citizens already in the program but the new class joining Social
Security 2008 will be getting 4.6 percent more than the incoming class
of 2007. That’s based on the percentage increase in the Average Wage
Index. Here lies the “Simple Fix for Social Security,” according to Alan
D. Viard, a scholar at the American Enterprise Institute.
Read more...
California Fires Delay Thousands of Social Security
Checks to Senior Citizens
Treasury’s Go Direct campaign says all should
switch to direct deposit
Oct. 25, 2007 – The California fires have already
disrupted delivery of some 8,700 Social Security checks to Southern
California residents and the Department of the Treasury is using this
calamity to urge senior citizens drawing Social Security to switch to
direct deposit.
Read
more...
Senior Citizen Advocates Think Social Security
Increase Not Much Help with Medicare Increases
Senior Citizen League says Medicare premiums going
up five times faster that COLA
 Oct. 17, 2007 – Most news reports emphasized the
smallness of the Social Security COLA for 2008 – a monthly increase of
2.4 percent – while most advocacy groups were bemoaning the small
increases in Social Security income matched against the growing costs of
Medicare for senior citizens.
Read
more...
Social Security Announces $24 Monthly Benefit
Increase for Average Senior Citizen in 2008
Rate increase of 2.3% is smallest since 2004, follows
Medicare Part B 3.1% premium increase
 Oct. 17, 2007 – The cost of living adjustment for
Social Security – commonly called “COLA” – will go up only 2.3 percent
in 2008, the smallest increase since 1904, which adds just $24 to the
average retired senior citizen’s wallet. It is, however, even less than
that after seniors pay for the increases in Medicare fees and
deductibles for 2008. The COLA announcement was made today by the Social
Security Administration.
Read more...
First Baby Boomer Files for Social Security Benefits
to Start the Silver Tsunami
New Jersey woman was born a second after midnight on
Jan. 1, 1946
 Oct. 15, 2007 – Maybe you didn’t feel the earth
shake, or see the water rising, but for sure what is being called
America’s “Silver Tsunami” has started. Kathleen Casey-Kirschling, born
one second after midnight on Jan. 1, 1946, today became the first Baby
Boomer to file for Social Security retirement benefits, which she can
begin collecting in January 2008.
Read
more...
Senior Citizen Politics
Senior Citizens Get About Half of Federal Budget in
2005: Social Security, Medicare, Medicaid
 Per capita spending highest in Alaska, Virginia,
Maryland, New Mexico, North Dakota
Oct. 9, 2007 - Social Security, Medicare and
Medicaid, programs primarily serving senior citizens, accounted for more
than $1 trillion of the $2.3 trillion the federal government spent in
2005, according to the U.S. Census Bureau, which publishes the only
consolidated source of data on the geographic distribution of federal
expenditures.
Read more...
Treasury Briefs Seek to Find Common Ground for
Launch of Social Security Reform
Basic problem is that benefits promised senior
citizens are $13.6 trillion above revenue projection
 Sept.
25, 2007 – Social Security has a basic problem, says a new report from
the Department of the Treasury - benefits promised to senior citizens
have a present value that is $13.6 trillion greater than the present
value of the revenues that the system is projected to receive. Most
everyone has known that the program is facing financial difficulty but
nothing is being done to fix it. The Treasury has issued the first of a
series of briefs aimed at finding common ground for lawmakers to launch
the needed reform.
Read
more...
Senators Say Banks Illegally Garnishing Funds of
Senior Citizens, Veterans
Top senators ask Social Security to investigate
growing abuse
Aug. 10, 2007 – Two Senate committee chairs and a
member of the Senate’s Special Committee on Aging has asked the
Inspector General of the Social Security Administration to investigate
the increasing violation of laws pertaining to collecting debt from
senior citizens, veterans and the disabled.
Read
more...
Immigration Bill to Pay $966 Billion in Social
Security to Illegal Workers, Senior League Claims
TREA Senior Citizens League to testify today before
House subcommittee on immigration
June 19, 2007 - The immigration bill being debated
by the Senate would allow over two million illegal workers who received
Social Security numbers prior to 2004 to receive more than $966 billion
in Social Security benefits by 2040, according to the TREA Senior
Citizens League.
Read more...
Social Security Disability Reform Bill Waives
Waiting Period for Terminally Ill
Joseph H. Seall Act named for vet who died before
first check came
June 15, 2007 – A bill was introduced in the House
last Thursday to provide a waiver of the five-month waiting period for
Social Security disability benefits for terminally ill individuals. The
legislation is named for Joseph H. Seall of Summit, Mississippi, a
veteran who qualified for Social Security disability benefits, but who,
due to the five-month waiting period, did not receive his first check
until the day after he died.
Read
more...
Before Choosing Social Security's Early Retirement
Consider the Consequences
Expert explores implications for married
couples
May 23, 2007 - According to the Social Security
Administration, of the total aggregate income received by retired
Americans, Social Security benefits provide the lion's share: 42.5
percent. Because of the importance of this income source in retirement,
making educated choices regarding the benefit is critical; yet, many
fail to fully analyze these choices.
Read
more...
Keep Social Security Checks Coming During Hurricanes
with Direct Deposit
Switch to direct deposit may eliminate a stolen check, assure safety of personal information
May 14, 2007 – Keep your Social Security checks
coming by having the government deposit them directly into your bank
account. The Department of the Treasury says this may be especially
helpful for those living along the Gulf Coast and Eastern seaboard as
hurricane season approaches.
Read
more...
Social Security Trustees Note Slight Improvement in
Program’s Status
The long-term financing challenges are still there
April 24, 2007 - The annual report by the Social
Security Board of Trustees was released yesterday and, much like the
report from the Medicare trustees, it shows a slight improvement in the
financial status of the program from last year.
Read more...
Medicare Advocacy Center Says Check Social Security
1099 Carefully
Problems in 2006 prompt warning from advocacy group
March 21, 2007 - Medicare beneficiaries with Social
Security income have been receiving their Social Security 1099 forms,
which report income received in 2006 and deductions taken from that
income, including Medicare premiums. The Medicare Advocacy Center says
senior citizens should check them carefully, based on bad experiences in
2006.
Read more...
Senior Citizen Politics
Strengthening Social Security Rated as Very
Important in Harris Poll
Majority support health care proposals by
Democrats in AP Poll
January
3, 2007 - As the new Congress is sworn in tomorrow, Speaker
of the U.S. House of Representatives Nancy Pelosi and the Democrat
leadership will find that saving Social Security is still very important
to the American public, with almost nine in 10 U.S. adults (88%) saying
they would support reform to ensure that the Social Security fund has
enough money to provide benefits for all Americans for the next fifty
years. The question was much broader than one that would measure support
for specific reforms, like the private investment accounts promoted by
President Bush but spurned by Congress and the voters.
Read
more...
Retirement News
Many Americans Still Plan to Rely on Social Security
for Retirement Income
Gap between retirement targets and source of income
continues
 November
9, 2006 - Despite the common speculation that Social Security and
company provided pensions may not be available for Americans when they
approach retirement, many still plan to rely on them as significant
sources of income when they retire. Nearly one in four Americans
indicate they will look to Social Security (23 percent) for their
primary source of income during their retirement years, according to a
new survey by the Retirement Corporation of America.
Read more...
Social Security News
Social Security Gives Senior Citizens 3.3 Percent
Increase for 2007
October
19, 2006 - Monthly Social Security and Supplemental Security Income
benefits for more than 53 million Americans will increase 3.3 percent in
2007, the Social Security Administration announced yesterday. The
monthly benefit for the average senior citizen couple goes from $1,658
per month to $1,713.
Read
more...
When Should You Take Your Social Security Retirement
Benefits?
It is a personal
decision that depends on a number of factors
By
ElderLawAnswers.com
 October
11, 2006 - As you approach retirement, you must decide when to begin
taking your Social Security benefits. You have three options: You may
begin taking benefits between age 62 and your full retirement age, you
can wait until your full retirement age, or you can delay benefits and
take them anytime up until you reach age 70.
Read more...
Social Security is Strange Political Animal
Surrounded by Myths
Do most of us pay in
more than we get back, or is that a myth?
 October 11, 2006 – While most aging baby boomers
eagerly await their first Social Security check, and most senior
citizens have learned to depend on theirs, the reality is most Americans
know little about this program. We know we pay for it while working and
we collect from it when we reach age 65, usually. But, we may fall
victim to some of the myths about the popular program that are explained
by ElderLawAnswers.com.
Read
more...
Senior Citizen Politics
Social Security Private Accounts Not Likely to be
Supported in this Election
AARP survey finds
strong opposition among those 42 and older
October 4, 2006 – One thing voters will not be
hearing about this election are the Social Security private investment
accounts that were so strongly promoted by President Bush and supported
by Republicans in Congress. That boat has sunk. Initially, the idea was
interesting to many younger voters but the most recent polls show 71
percent of Americans age 42 and older - the most likely voters - now
oppose the idea.
Read
more...
Social Security News
The Rules have Changed
to Get New Social Security Card
September 5, 2006 -
A new law, which went into effect last December, requires specific
proofs of the age, identity and citizenship of anyone applying for either a
new or replacement Social Security card. Also, all documents used as proofs
of age, identity or citizenship must be either originals or copies certified
by the issuing agency.
Read more in the Social Security Q&A column.
Social Security's 71st Birthday on Monday Didn't
Seem Very Happy
Only bloggers,
two Democrats and seniors in
St. Paul noticed
By Tucker Sutherland, editor
August 16, 2006 – Except for a few bloggers, some
Democrats and a few senior citizen organizations, the 71st birthday of
Social Security went unnoticed. The actual birthday was Monday –
President Franklin Delano Roosevelt signed it into law on August 14,
1935. Read
more...
Social Security Trustees Report
Social Security Fuse Gets Shorter by One Year - Goes
Boom in 2040
Funds to be exhausted in 2040, Medicare cost
will pass SS in 2028
May 1, 2006 - The 2006 Social Security Trustees
Report released today shows little change in the projected financial
status of the Social Security program over last year – except that the
fund will run out of money one year earlier than thought last year.
Benefits of $702 billion were paid in 2005 - a $44 billion increase from
2004. The
Trustees Report projects that the Social Security Trust Funds will be
exhausted in 2040. And, Social Security will lose it's top spot as
America's largest social program in 2028, when Medicare will move ahead.
Read
more...
Social Security Investment Accounts, Indexing in
Bush Budget
Reform ideas that never caught on in 2006 are back in
the 2007 budget
Feb. 6, 2006 – There were so many things grabbing
the public's and media's attention in the $2.77 trillion federal budget
for FY 2007 presented yesterday, that many senior citizens may have
missed that the President has put private investment accounts and the
indexing of benefits (determining payments by need) for Social Security
back on the table and in the budget.
Read
more...
Social Security Reform Has Withered but Program Still Needs
Help
Author Nancy Altman says the problem is not
that hard to solve
Feb. 1, 2005 – Social Security Reform, a buzz
phrase for the last few years, seems to have come and gone on the agenda
of President George W. Bush, as indicated by the lack of support in his
State of the Union last night. There is, however, a financial problem for
the program somewhere out there in the future. Nancy J. Altman, an
author and former assistant to Alan Greenspan, says in the following
opinion piece that the program is still vital and financial security is
not that difficult to achieve.
Click to
read her opinion...
Social Security Not in Top 10 Resolutions by White
House Aging Conference
Conference ends for another ten years, will send
these recommendations to President, Congress
Dec. 15, 2005 - The 2005 White House Conference on
Aging (WHCoA) officially closed yesterday, with delegates calling for
renewal of the Older Americans Act within six months and putting a
priority for the President and Congress on a strategy for long-term
care; enhanced public transportation; and, stronger and improved
Medicaid and Medicare programs. Interestingly, there was nothing about
Social Security in their top ten resolutions.
Read more...
Supreme Court Says Feds Can Grab Social Security to
Pay Old Student Loans
Unanimous decision concerned only debts that are over
ten years old
Dec. 8, 2005 – The Supreme Court yesterday said the
Social Security payments to senior citizens are up for grabs by the
government to collect on old student loans.
Read more...
Social Security
Makes Biggest Jump in 15 Years with 4.1 Percent for
2006
Oct. 14, 2005 – Social Security announced today a
4.1 percent increase in the monthly benefit paid to over 52 million
American senior citizens and others who will receive Social Security or
Supplemental Security Income in 2006. It is the largest percentage
increase since 1991, when the boost was 5.4 percent.
Read more...
Efforts Expanding to Get People to Choose Direct
Deposit for Social Security
Treasury and Federal Reserve say “Go Direct” test was
successful
Aug. 1, 2005 – The effort to get more people to
select direct deposit to their bank as the way to get their Social
Security and other government payments will be expanded this fall,
according to an announcement by the U.S. Department of the Treasury and
the Federal Reserve Bank. The program – Go Direct – proved successful in
its test run in four states.
Read more...
2005 Annual Report
Social Security Trustees See Money Disappearing Slightly
Faster Than Expected
March 23, 2005 - The 2005 Social Security Trustees
Report shows little change in the projected financial status of the Social
Security program over last year, other than the funds disappearing a little
faster than expected. The Trustees Report projects that the Social Security
Trust Fund will be exhausted in 2041 - one year sooner than last year’s
projection.
Read
more...
Summary of the 2005 Annual Reports by Social
Security and Medicare Boards of Trustees
Statement by Trustees:
March 23, 2005 - Each year the Trustees of the Social Security and
Medicare trust funds report on the current status and projected
condition of the funds over the next 75 years. This message summarizes
the 2005 Annual Reports.
Read
more...
Social Security Can Have Taxable Benefits
Tips for Senior Citizens on Filing Income Tax
March 16, 2005 - Debate rages and battle lines are
being drawn about changing Social Security. Federal Reserve Chair Alan
Greenspan is even urging senior citizens to work longer. Meanwhile,
off to the sidelines, Americans already receiving benefits will struggle
to deal with them by April 15 - or by their extended filing date, if
they need more time to struggle. A news release promoting J.K. Lasser’s
Your Income Tax 2005 points out that seniors citizens need to understand
that Social Security can be taxable.
Read more...
Social Security Benefit Increases 2.7 Percent for
2005
Oct.
19, 2004 - Monthly Social Security and Supplemental Security Income benefits
for more than 52 million Americans will increase 2.7 percent in 2005 - about
$25 per month for the average retired worker, the
Social Security Administration announced today. (Note: see Fact Sheet below
story.)
More...
10/19/04*
The Bottom-Line for Seniors
Those on Social Security, Medicare Gain $12.57
Monthly in 2005
Going into the hospital or healthcare facility will
eat up any gains
Oct. 19, 2004 - If the average senior citizen on
Social Security and Medicare does not spend time in a hospital or
healthcare facility, they should have an extra $12.57 per month to spend
in 2005.
More...
10/10/04*
Social Security Expected to Be Primary Retirement
Income for 94 Percent of Seniors
Oct. 6, 2004 – No one doubts Social Security income
is important to retired senior citizens, but a survey says an
astonishing 94 percent expect it to be their primary source of income
during retirement.
More...
10/06/04*
Drop in Direct Deposit Growth Spurs Treasury
Campaign – Go Direct
Sept. 14, 2004 – Concerned with a sharp decline in
the growth rate of citizens taking advantage of the direct deposit for
government payments, like Social Security, and facing the first wave of
baby boomer retirements, the U.S. Department of the Treasury is
launching a new campaign – Go Direct - to educate Americans on the
advantages of the program.
More... 9/14/04*
Funding Senior Citizen Programs – Social Security &
Medicare – to Crowd Out Funding for Other Government Programs
First
Time in Recent History Benefits to be Paid by General Fund
June 4, 2004 - Social Security and
Medicare benefits are on a course to crowd out funding for every other
government program in the absence of significant tax increases, according to
a new report co-authored by Social Security and Medicare Trustee Thomas R.
Saving. The report, released by the National Center for Policy Analysis (NCPA),
documents the startling speed at which elderly entitlements will balloon.
More... 6/4/04*
Trustees Report 2004
No Change in Solvency of
Social Security - Broke by 2042
March 23, 2004 - The 2004 Social Security Trustees
Report released today shows little change in the projected financial
status of the Social Security program over last year. And again this
year, the Social Security Board of Trustees states that, absent changes,
Social Security’s currently scheduled benefits are not sustainable over
the long term and the Trust Fund will be broke in 2042.
More...
3/23/04*
Long-Term Budget Outlook by Congressional
Budget Office
U.S. Facing Economic Peril
Due to Programs for Seniors
Dec. 22, 2003 – The rapid
growth of the senior citizen population – principal recipients of Social
Security, Medicare and Medicaid – is putting the U.S. in serious financial
peril, according to the Long-Term Budget Outlook just released by the
Congressional Budget Office.
More... 12/22/03*
Average increase $19 per month
Social Security Increases 2.1 Per Month
in 2004
Oct.
17, 2003 - Senior citizens
will get a 2.1 percent increase in their monthly Social Security
checks next year -- an extra $19 a month for an average retiree.
But most older Americans won't get to
pocket all of the increase. Monthly Medicare premiums also are rising,
starting in January by 13.5 percent -- $7.90 a month -- to $66.60.
Click
- Announcement by Social Security with fact sheet 2003 vs 2004
Aug. 14
Big Birthday for All Americans
| |
 |
|
| |
President Franklin D.
Roosevelt signing Social Security Act — Aug.14, 1935 |
|
Social
Security Celebrates 68th Anniversary
On Aug. 14, 2003, Social
Security celebrates its 68th anniversary. For nearly seven decades, it has
been providing income for senior citizens and security against loss of wages
due to retirement, disability or death for millions of workers and their
families. As the most successful government domestic program in our nation's
history, Social Security remains an American cornerstone. To take your own
stroll down Social Security's memory lane, visit the agency’s very well done
and extensive history collection.
Click Here
Social Security
Earnings Limit is Up in 2003
April
2, 2003 - American's receiving Social Security survivor's
benefits, or who receive early retirement benefits from Social Security, can
earn of to $11,520 in 2003, without having to give any of your payments
back. If you go over the cap, you pay back $1 for every $2 you earn. But, if
you reach full retirement age this year (65 plus 2 months), you only pay
back $1 for every $3 you earn before your birthday month. Then you keep it
all.
> Learn more from the Social Security Retirement Planner -
Click
> Retirement age is increasing.
Check this chart.
Retirement age goes up this year
From Now On,
We Don't Get Social Security at 65
Jan. 27, 2003 -
Americans born in 1938 will reach age 65 this year but they will have
to wait an extra two months to receive Social Security payments. This
is the first year of the graduated retirement age for Social Security
but Medicare eligibility is still 65.
Click
1/27/03*
New York &
Connecticut
Social
Security Reverses Course, Agrees to Send Low-Income People Medicare Corrected
Letter about Eligibility
Oct.
31, 02 - Reversing course, the Social Security Administration (SSA) agreed
today in federal district court to send letters to over a million low-income
people with Medicare correcting misrepresentations the agency sent earlier
this year regarding eligibility for federal programs that assist people with
Medicare with paying for health care costs.
Click 10/31/2*
Social Security Announces 1.4
Percent Increase for 2003
Oct. 18, 02 - Monthly
Social Security and Supplemental Security Income (SSI) benefits to more than
50 million Americans will increase 1.4 percent in 2003, Jo Anne B. Barnhart,
Commissioner of Social Security announced today.
Click 10/18/2*
• Fact Sheet: The
numbers 2002 vs 2003 -
Click
Long-Range Deficits Remain In Social Security Trust Fund
March 28, 2002 -
The Social Security Board of Trustees reported to Congress on March 26 that
the Social Security program continues to be substantially underfinanced for
the long term, while extending the projected solvency of the trust funds by
three years. Click
3/28/2*
2002
Social
Security
Cost-of-Living
Adjustment
2.6%
Oct. 19, 2001 - The
2002
cost-of-living
adjustment
for
Social
Security
and
SSI
beneficiaries
will
be
2.6
percent.
This
is
based
on
the
increase
in
the
Consumer
Price
Index
for
Urban
Wage
Earners
and
Clerical
Workers
(CPI-W)
from
the
third
quarter
of
one
year
to
the
third
quarter
of
the
next,
as
announced
today
by
the
Labor
Department.
Click
10/19/01
Social
Security
Turned
66
Aug.
14,
2001
Guest
Opinion:
Sen.
Larry
Craig
-
Click
History
of
Social
Security
-
Click
Social
Security
Home
Page
-
Click
Highlights
of
Social
Security
Today
-
Click
Social
Security
Still
Vital
to
Many
Americans'
Retirement
Plans
28%
say
it
will
be
a
major
income
source
once
they
retire
-
click
to
story
5/22/01
Social
Security
Launches
Website
For
Women
•
Online
Application
for
Spouse's
Benefits
-
click
to
story
5/16/01
IRS
Will
Grab
Your
Social
Security
Check
April 30, 2001 -
In
news
that
is
certain
to
shock
and
dismay
some
seniors,
the
Internal
Revenue
Service
has
announced
its
intention
to
garnish
the
Social
Security
checks
of
debtors
who
are
at
least
six
months
in
arrears.
click
to
story
5/2/01
>
Ticket
to
Work
Program
Announces
State
Participants
for
2001
12/1/00*
The
Social
Security
Administration
will
begin
implementing
the
"Ticket
to
Work"
program
that
was
approved
at
the
end
of
1999.
It
is
aimed
at
putting
disabled
Americans,
particularly
those
on
social
security,
back
to
work.
>
Social
Security
to
Increase
3.5%
10/19/00*
Oct. 19, 2000 - See
the
story
and
also
a
chart
of
the
details
on
how
it
may
effect
you.
>
New
All-in-One
Government
Website
in
Action
10/6/00
Click
the
title
above
or
click
this
link
(http://www.firstgov.gov)
to
go
to
the
new
U.S.
Government
website
that
is
supposed
to
make
it
easier
for
you
to
find
any
government
information.
>
More
Than
You
Want
to
Know
on
Social
Security
and
Medicare
10/02/00
Documents,
photos
and
audio
recordings
document
the
history
of
the
Social
Security
Administration:
Social
Security
and
Medicare
>
Medicare
Extended
for
Disabled
on
Social
Security
10/2/00
As
of
Oct.
1,
2000,
Social
Security
beneficiaries
with
disabilities
who
are
working,
or
thinking
about
working,
may
be
eligible
for
expanded
Medicare
coverage.
The
coverage
increases
from
39
to
93
months
after
the
end
of
the
trial
work
period.
>
Concord
Coalition
Ran
Ad
Sunday
on
Social
Security
Questions
9/30/00*
The
Concord
Coalition
has
placed
a
full-page
advertisement
in
this
Sunday's
New
York
Times
(October
1,
2000)
offering
voters
hard
facts
and
five
questions
to
ask
the
candidates
about
Social
Security
reform.
>
How
Social
Security
Proposals
Effect
Women
9/20/00
About
75
percent
of
unmarried
elderly
women
depend
on
Social
Security
for
at
least
one
half
of
their
income,
and
25
percent
of
unmarried
elderly
women
depend
on
it
for
their
only
source
of
income.
>
Social
Security
eNews
(Newsletter)
for
Sept.
1,
2000
9/1/00
>
Nat.
Council
of
Senior
Citizens'
Statement
on
Social
Security
Anniversary
8/18/00*
>
Social
Security
Kicks
Off
65th
Year
8/4/00*
Social
Security
Administration
(SSA)
will
hold
a
celebration
of
the
65th
anniversary
of
Social
Security
at
Hyde
Park,
New
York
on
Saturday,
August
5,
2000
at
11:00
a.m.
Hyde
Park
is
the
home
of
President
Franklin
Roosevelt,
the
architect
of
the
Social
Security
program.
>
House
Gives
Retirees
Tax
Cut
7/29/00
Winding
up
their
election-year
tax-cutting
campaign,
Republicans
in
the
House
on
Friday
approved
a
bonus
for
senior
citizens
by
repealing
a
1993
tax
increase
on
Social
Security
benefits.
>
Disabled
on
Social
Security
Can
Earn
More
7/26/00
By
raising
earnings
limits
each
year,
the
proposals
would
increase
the
amount
of
money
that
individuals
can
earn
while
remaining
eligible
for
benefits.
The
series
of
changes
will
affect
approximately
400,000
disability
beneficiaries.
>
Senate
Votes
to
Safeguard
Social
Security
and
Medicare
7/3/00
The
Senate
joined
President
Clinton
and
the
House
on
Thursday
in
pledging
to
safeguard
trillions
of
dollars
of
surpluses
in
Medicare
and
Social
Security
from
funds
from
being
spent
on
other
government
programs
or
used
to
make
tax
cuts
possible.
>
GOP
'Soft
Money'
Ad
Features
Bush
on
Social
Security
6/12/00
The
Republican
National
Committee
unveiled
an
ad
touting
George
W.
Bush's
plan
to
revamp
Social
Security,
joining
the
Democrats
in
what
is
likely
to
escalate
into
an
arms
race
of
televised
propaganda
powered
by
soft
money.
> Calculator to Help You Understand Social Security Proposals Coming Monday
5/19/00*
NCPA will unveil a new online Social Security benefits calculator Monday, May 22, to help illustrate what Social Security reform really means to average Americans.
> Social Security Senior Site Adds Active Retirement Planner 5/01/00
> Sen.
McCain, Two Dems Propose Special Commission on Social Security 5/05/00
> President Signs Social Security Bill Allowing Seniors to Keep What They Earn 4/07/00
> NEW Social Security Calculator 4/07/00
> Here's Where to Check on Your Social Security Statement 3/30/00
Social Security Web Site Adds State Links
Access America for Seniors, a site for information and services for seniors on the web, announces new links to the States.
http://www.seniors.gov
> How Social Security Change Effects You 3/24/00
U.S. Senate Joins House to End Earnings Limit for Social Security Recipients (3/23/00)
> Washington Post 3/23/00
> Seattle PI 3/23/00
> New York Times 3/23/00
> Clinton Statement on Senate Vote 3/23/00
> What Social Security Trust Fund? 3/22/00
> AARP on Social Security 3/23/00
> New Report Fuels Social Security Debate 3/11/00
> Social Security Web Site a Hit! 3/07/00
U.S. House Votes 422-0 to Allow Seniors to Keep What They Earn and Social Security, Too. (3/02/00)
> Washington Post Story 3/02/00
> USA Today Story 3/02/00
> Congress Can't Stop Here 3/02/00
|
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Links |
