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Public Policy: Social Security
8/6/2014

Since its inception, Social Security has been the foundation on which America’s retirement security rests.  It has demonstrated its strength by paying benefits without interruption in good times and bad, during periods of recession and disaster and during recovery and healing.  The program’s strength is demonstrated yet again in this year’s Trustees Report, which reflects the resilience of the Trust Funds. The report is good news for working Americans and for seniors.
7/25/2014

In yet another in an endless string of commission proposals, H.R. 4786, the “Social Security Commission Act of 2014,” introduced by Representatives John Delaney (D-MD) and Tom Cole (R-OK) targets Social Security for “reform.” This time, the task would be delegated to a “Commission on Long Term Solvency,” made up of 13 members appointed variously by the President and the leadership of the House of Representatives and the Senate.
5/9/2014

Social Security protects families in the event that a worker retires, becomes disabled or dies. These guaranteed insurance benefits are especially crucial to people of color who tend to have fewer alternative resources, become disabled at higher rates, and rely on Social Security's family benefit features disproportionately. 
5/9/2014

As a result of income inequality and declining retirement benefits and savings, a growing share of Americans depend on Social Security for all or most of their retirement income. To prevent millions from falling into poverty, Social Security benefits must be strengthened rather than cut. That’s why the National Committee to Preserve Social Security and Medicare has launched the “Boost Social Security Now” campaign to urge Congress to pass legislation that would improve benefits and strengthen Social Security’s financing.
4/23/2014

The nation’s current minimum wage of $7.25 per hour has not been increased since 2007.  President Obama has proposed increasing the nation’s minimum wage to $10.10 per hour.  The Fair Minimum Wage Act of 2013, introduced by Senator Tom Harkin and Representative George Miller would increase the minimum wage from its current rate of $7.25 per hour in three steps – to $8.20 in 2014, $9.15 in 2015 and $10.10 in 2016.  Although many retirees may question what impact an increase in the minimum wage would have on their lives, the increase could make a difference for seniors.
4/17/2014

Facts about the Social Security program including COLA, percentage of people paying into the system, and the percentage of workers covered.
4/16/2014

The Social Security Disability Insurance (SSDI) program is a part of the Old Age, Survivors, and Disability Insurance (OASDI) program administered by the Social Security Administration (SSA). Enacted in 1956, SSDI pays benefits to millions of disabled workers and their dependent family members, providing a crucial source of financial security for people who are severely limited in their ability to work because of a disabling illness or injury. The SSDI program is financed through worker payroll taxes contributed to the SSDI Trust Fund, one of the two trust funds established for Social Security. The other fund is the Old-Age and Survivors Insurance (OASI) Trust Fund. 
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