Archive | November, 2010

NPR Weighs in on Solvency of Social Security

The Social Security trust fund should last until 2037. But the money in that fund is actually spent by the government to buy Treasury bonds. And when you think about it that way, the trust fund is more like a collection of IOUs the government has written to itself. “A lot of people — because […]

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Raising Retirement Age Will Increase Disability Applications

From today’s Denver Post and other newspapers: Raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work, government auditors told Congress. The projected spike in disability claims could harm Social Security’s finances because disability benefits typically are higher than early-retirement payments, […]

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Proposed Mental Heath Regulations Alarm Advocates

From today’s Chicago Tribune: “Deep inside a 34-page proposed federal regulation are a few sentences that are causing nightmares for mental health advocacy groups. “The regulation, from the Social Security Administration, could change how people with mental illnesses are evaluated for disability payments. “The angst is over whether standardized testing will be required to determine […]

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Benefits for Families of Disabled or Deceased Workers

San Antonio Business Reports: …of the more than 53 million Americans receiving Social Security benefits, nearly one-third are not retired workers or their dependents. They are disabled workers and their families, or the survivors of a deceased worker. These non-retirement Social Security benefits can be especially important to young workers because about one in eight […]

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