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Social Security: Just the Facts Video
Have you seen our video, “Social Security: Just the Facts?” Click here to learn more and find additional resources for exploring each topic in more depth.
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Employers in Many States Face Tax Hike To Help Repay Federal UI Loans
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Employers in 28 states owing $38.2 billion to the federal government for unemployment insurance benefits incurred an increase in their Federal Unemployment Tax Act (FUTA) tax this week. Revenues from the tax increase will go directly toward repaying the balance of the loans. A total of 35 states opted to borrow federal dollars because their unemployment insurance trust fund reserves were insufficient to weather the recent economic downturn. The deep and prolonged Great Recession, current sluggish recovery, and continued high rate of long-term unemployment have further reduced revenues and increased outgoing unemployment insurance payments.
Project on Social Security in Rural Areas Reveals Impact of the Program on Local Economies
The Center for Rural Strategies, an awardee of NASI’s Improving Lives of Vulnerable Americans Through Social Security project, recently analyzed Social Security recipients by county in the U.S. The Daily Yonder (affiliated with the Center for Rural Strategies) used this breakdown of Social Security beneficiaries to find the counties most dependent on Social Security.
Thankful for Three Key Social Insurance Programs That Kept More Than 24.0 Million Americans Out of Poverty in 2010
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This Thanksgiving, more than 24.0 million Americans, will undoubtedly be thankful for three critical social insurance programs that helped keep them out of poverty in 2010: Social Security, unemployment insurance and workers' compensation.
Open Letter to The Washington Post on Incorrect Social Security Claims
Dear Editor:
Read More…Lessons from the Likely Demise of CLASS
On October 14, the Obama administration halted implementation of the new federal long-term care insurance program – the Community Living Assistance Services and Supports (CLASS) initiative, which had been tucked into health care reform legislation. It is disappointing, but not surprising that the administration was unable to design a financially self-sustaining, voluntary long-term care insurance program. The unusual legislative journey of the Patient Protection and Affordable Care Act, which had no House-Senate conference to clean up the bill, left CLASS with statutory limits that proved unworkable. Without mandatory participation or some other way of achieving near universal participation, the program did not stand a chance.
