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Social Security

Friday, August 11, 2017

Inequality

William J. Arnone, National Academy of Social Insurance

Having recently completed my first year as the Academy’s Chief Executive Officer, I’ve reflected on my many interactions with Academy Members at our annual Membership meeting, Policy Conference, 30th Anniversary celebration, and other events that we have sponsored, as well as emails and phone conversations.

Among the questions most frequently posed to me are:

  • Why has the Academy chosen “inequality” as our overarching strategic theme and framework?
  • What does this mean for the Academy’s policy work?

Background
I first addressed this issue in a letter to the New York Times  published in February 2015.

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Wednesday, May 24, 2017

Disability Protection IS Part of Social Security.

William Arnone, CEO, National Academy of Social Insurance

Benjamin Veghte, Vice President for Policy, National Academy of Social Insurance

During the 2016 campaign, President Trump promised not to cut Social Security. Yet the White House’s FY 2018 Budget proposes up to $64 billion in cuts to Social Security Disability Insurance (SSDI) expenditures. The cuts stem mostly from measures to “test new program rules and processes and require mandatory participation by program applicants and beneficiaries,” with the objective of moving disabled beneficiaries from the SSDI program into fuller labor market participation.

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Thursday, March 30, 2017

Individual Retirement Accounts: A Global Perspective

Elaine Fultz, International Labor Organization (Retired)

A decade ago when Congress debated President George W. Bush’s proposal for partial privatization of Social Security, U.S. pension analysts scrutinized the experience of countries that had replaced, or partially replaced, social insurance with privately managed investment accounts, seeking lessons for the United States. In the years since Congress rejected the Bush proposal, U.S. analysts have focused less on these foreign systems. Yet they continue to offer rich insights into the challenges of ensuring retirement security through individual accounts.

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Posted on March 30, 2017  |  4 comments  |  Add your comment
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Wednesday, March 8, 2017

International Women's Day

William Arnone, National Academy of Social Insurance

As we celebrate International Women’s Day, let us recall the contributions to our nation’s vibrant social insurance infrastructure by those women who are no longer with us, but whose legacies remain strong.

Among these often unsung heroines are:

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Monday, October 17, 2016

What You Need to Know about Social Security’s 2017 Cost-of-Living Adjustment

 

Tomorrow's announcement by the Social Security Administration about the cost-of-living adjustment (COLA) for Social Security benefits, effective January 2017, is likely to be met with questioning and concerns by many current beneficiaries, particularly in an election year and after no COLA was received in 2016. (That marked only the third year without a COLA in four decades.)

Social Security’s annual COLA is intended to protect the purchasing power of benefits against erosion by price inflation. It is important to many beneficiaries that benefits keep up with the cost of living, because other sources of income typically decline with age. As individuals grow older, their pensions are eroded by inflation, employment options end, spouses cope with widowhood, and savings are depleted - and they rely even more on Social Security.

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