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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?    
 
 
Disability Insurance Benefits is a coverage provided by the government
If your Disability Insurance Benefits claim is approved, the monthly payment you will receive is set by your earnings (and Social Security tax payments) during your working career. There is no minimum rate. A person must prove that he or she became disabled while disability insurance coverage was in force or you are not entitled to Disability Insurance Benefits

 


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Latest news about Disability cases in Tucson and nationwide:

It's Time To Strengthen Social Security For The Future
WASHINGTON - There have been many stories lately in the newspapers and on television about the growing need to fix Social Security for future gener...
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Springfield Woman Sentenced For Social Security Fraud, Reports U.S. Attorney
Springfield Woman Sentenced For Social Security Fraud, Reports U.S. Attorney 

BOSTON, June 22 /PRNewswire/ -- A Spri...

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HHS Awards Kansas Grant To Help People With Disabilities Maintain Employment
HHS Secretary Tommy G. Thompson today announced a $5 million award to Kansas to demonstrate whether additional services and supports to working ind...
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Social Security Lawyers.com Terms

 


Today's Terms

Maximum Benefit Period (Benefit Duration)

Definition:
This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled.

Disability

Definition:
A general term used for the problems a person with a health condition (such as cerebral palsy or deafness) has because of barriers in his or her environment.

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.

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Disability Resources

 


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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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Tucson 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:

  • Apache Junction
  • Avondale
  • Buckeye
  • Bullhead City
  • Casa Grande
  • Cave Creek
  • Chandler
  • Chino Valley
  • Cottonwood
  • Douglas
  • Flagstaff
  • Florence
  • Fountain Hills
  • Gilbert
  • Glendale
  • Green Valley
  • Kingman
  • Lake Havasu City
  • Mesa
  • Nogales
  • Paradise Valley
  • Payson
  • Peoria
  • Phoenix
  • Prescott Valley
  • Safford
  • Scottsdale
  • Sierra Vista
  • Somerton
  • Sun City
  • Sun City West
  • Surprise
  • Tempe
  • Tucson
  • Yuma
 


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