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Rotunda Social Security Office Closing Will Cause Undue Hardship
National Committee to Preserve Social Security and Medicare president Max Richtman protested the closure of the SSA’s (Social Security Administration) Rotunda field office at a rally in Baltimore today, along with other advocates and claimants who live in the city. The office, located at 711 West 40th Avenue, is scheduled to close permanently on June 21st. The Rotunda field office currently serves some 13,000 seniors, people with disabilities, and other beneficiaries every year.
If the office is shuttered, lower income Social Security and SSI (Supplemental Security Income) claimants may find themselves traveling up to one hour round-trip on public transportation to an alternate field office. Once they arrive at the nearest alternative location, they will experience an average two-hour wait (based on national data) in a crowded office where it can be difficult to locate a seat – an extra hardship for seniors and people with disabilities.
Banking Industry Wins; Working and Retired Americans Lose
The majority in the House of Representatives just betrayed working Americans by passing reckless banking legislation known as the Economic Growth, Regulatory Relief, and Consumer Protection Act (S 2155). The only accurate part of the title is “regulatory relief,” in that it rolls back crucial regulations on the banking industry enacted after the 2008 financial crisis.
No Cause for Alarm from Social Security Trustees Report
The 2018 Social Security Trustees Report confirms that the program’s trust fund is still very much intact, with $2.89 trillion in assets – or $44 billion more than last year. The Trustees say the combined OASDI (Old-age, Survivor, and Disability Insurance) trust fund will remain fully solvent until 2034, after which it can pay 79% of benefits if there are no changes to the program.
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