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February 26, 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?    
 
 
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 Colorado and nationwide:

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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HHS Awards Additional $9 Million to Help States Develop Aging and Disability Resource Centers
HHS Secretary Tommy G. Thompson today announced 12 grants totaling nearly $9 million to support state efforts to create "one stop" centers to help ...
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Social Security Lawyers.com Terms

 


Today's Terms

Outcome Payment System

Definition:
The system providing a payments under the Ticket to Work program to an employment network for each month, up to a total of 60 months, during which Social Security disability benefits and Federal SSI cash benefits are not payable to a beneficiary because of the performance of substantial gainful activity (SGA) or by reason of earnings from work.

Mental disorder

Definition:
In DSM-III, a mental disorder is conceptualized as a clinically significant behavioral or psychologic syndrome or pattern that occurs in an individual and that typically is associated with either a painful symptom (distress) or impairment in one or more important areas of functioning (disability).

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.

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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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Colorado 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:

  • Arvada
  • Aurora
  • Boulder
  • Brighton
  • Broomfield
  • Canon City
  • Castle Rock
  • Colorado Springs
  • Commerce City
  • Denver
  • Durango
  • Englewood
  • Evergreen
  • Fort Collins
  • Golden
  • Grand Junction
  • Greeley
  • Lafayette
  • Littleton
  • Longmont
  • Louisville
  • Loveland
  • Montrose
  • Parker
  • Pueblo
  • Westminster
  • Wheat Ridge
 


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