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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

 


 

Please contact us if you or any qualified individual with a disability you know in Alaska has been discriminated against. Do not let anyone get away with violating the ADA.

 

 
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 and Medicare Projections: 2006
Social Security and Medicare Projections: 2006

Social Security and Medicare will consume an ever-increasing portion of wor...

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Social Security Reform Proposal To Improve Disability Process
Jo Anne Barnhart, Commissioner of Social Security, today announced that Social Security will publish a proposed regulation to improve the disabilit...
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Cost Of Living Adjustment For Social Security In 2005
Monthly Social Security and Supplemental Security Income benefits for more than 52 million Americans will increase 2.7 percent in 2005.


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Social Security Lawyers.com Terms

 


Today's Terms

PD

Definition:
Presumptive Disability. Only for SSI claims. Enables an early (presumptive) allowance of benefits for 6 months based on a substantial probability of a final allowance when all required documentation is obtained. A PD can be reversed to a denial, but the claimant does not return the PD benefits.

Family and Medical Leave Act

Definition:
The Family and Medical Leave Act of 1993 To grant family and temporary medical leave under certain circumstances

DWB

Definition:
Disabled Widows (Widowers) Benefits. Title II benefit category for widows or widowers based on a deceased spouse's social security payments.

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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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