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July 20, 2010
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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?    
 
 
Ambulatory Care is all types of health services which are provided on an outpatient basis
All types of health services which are provided on an outpatient basis, in contrast to services provided in the home or to persons who are inpatients. While many inpatients may be ambulatory, the term ambulatory care usually implies that the patient must travel to a location to receive services which do not require an overnight stay.

 


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Latest news about Disability cases in Nevada 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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FTC Testifies On Social Security Numbers In Commerce
The Federal Trade Commission today told the Subcommittee on Commerce, Trade, and Consumer Protection of the House Committee on Energy and Commerce ...
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Social Security Trustees Release Annual Report
“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 membe...
Read more >


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Social Security Attorneys.com Terms

 


Today's Terms

Licensed Clinical Social Worker (LCSW)

Definition:
Certification by a state as a licensed clinical social worker. Such licensure often requires at least two years experience with a direct client caseload under supervision.

Elimination Period

Definition:
This is the period of time between the date the disability commences and the beginning of the benefit payment period. It is the period during which an employee must be disabled before payment of benefits begins. It is sometimes referred to as the Qualifying Period.

Work Incentives/Employment Support

Definition:
SSA policies that help disability beneficiaries go to work and receive benefits in an attempt to become more independent.

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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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Nevada 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:

  • Boulder City
  • Carson City
  • Elko
  • Fallon
  • Gardnerville
  • Henderson
  • Las Vegas
  • North Las Vegas
  • Pahrump
  • Reno
  • Sparks
  • Sun Valley
  • Winnemucca
 


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