Social Security

Top 8 Facts You Need to Know About the 2014 Social Security Trustees’ Report

Posted on 07/30/2014 by |AARP Blog Author | Comments

Public Policy InstituteOn July 28, the Social Security Administration released The 2014 Annual Report of the Board of Trustees, which details the financial status of the Social Security program. The report makes clear that:   Social Security is vital to millions of Americans. At the end of 2013, Social Security provided benefits to about 58 million people: 41 million retired workers and their dependents, 6 million survivors of deceased workers, and 11 million disabled workers and their dependents.   Social Security’s Trust …

Lawmakers Urged to Act Soon to Shore Up Social Security

Posted on 07/28/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe financial outlook for Social Security remains largely unchanged from last year, with the combined trust funds that pay benefits to retirees and workers with disabilities expected to exhaust reserves in 2033, according to a government report released today. After that date, money coming into the system would be enough to cover 77 percent of benefit obligations, according to the Social Security trustees report. At a news conference on Monday afternoon, Treasury Secretary Jack J. Lew said Social Security and Medicare are …

Social Security Remains Strong Overall and Separate From the Budget

Posted on 07/28/2014 by |AARP Executive Vice President | Comments

PoliticsSocial Security remains strong as seen in today’s long-term projected outlook by the Social Security Trustees. While today’s report reminds us that we must eventually make modest changes to ensure current and future generations of Social Security beneficiaries receive what they’ve earned, it confirms that Social Security can continue to pay full benefits for nearly two decades. The Trustees once again report that the combined Old Age, Survivor and Disability Insurance Trust can pay full retirement, survivor and disability benefits for approximately two more decades, and about 75 percent of …

Good News: You Can Still Get Your Benefits Verified at Your Social Security Office

Posted on 07/18/2014 by |AARP Blog Author | Comments

PoliticsNeed to get your Social Security benefits verified? There’s good news: You can still get it done at your Social Security office. Why is that news? Because late last year, the Social Security Administration announced that its field offices would no longer assist people in obtaining verification letters. Instead, it planned to direct anyone requesting a letter to either call an 800 number or go online to find and print the document. AARP, along with other advocacy groups and members …

Will Social Security Soon Get New Commissioner?

Posted on 06/20/2014 by |AARP Blog Author | Comments

Bulletin TodayPresident Barack Obama will nominate Carolyn Watts Colvin as commissioner of the Social Security Administration, the White House announced June 20. Colvin has experience within the retirement and disability benefit program, as acting commissioner since Michael Astrue, who was nominated by President George W. Bush, left the post in February 2013 and before that as deputy commissioner beginning in January 2011. Joyce Rogers, AARP senior vice president of government affairs, says Colvin would have an opportunity “to add an important …

11 Things We Didn’t Know Last Week

Posted on 06/18/2014 by |In Other News . . . | Comments

11 Things | Bulletin TodayNews, discoveries and … fun     1. Naked mole-rats may hold the secret to conquering aging in humans. (Learn more at Vox.com) 2. A man in deep thought has been lurking beneath one of Pablo Picasso’s first masterpieces. (Learn more at AARP)   3. A new “smart cup” can recognize and track everything you drink — and even tell the difference between Coke and Pepsi. (Learn more at The Verge)   >> Get travel discounts with your AARP Member Advantages. 4. The stereotype of …