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Social Security

Tuesday, April 14, 2015

The Value of Social Security Planning During National Retirement Planning Week

Kristen Arnold, Income Security Policy Analyst, National Academy of Social Insurance

The National Academy of Social Insurance is participating in National Retirement Planning Week— April 13 to 17 — as a member of the National Retirement Planning Coalition, a group of prominent education, consumer advocacy and financial services organizations.

The coalition, led by the Insured Retirement Institute, is committed to making public education on retirement planning a national priority. A goal of National Retirement Planning Week is to show that it can be possible to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed.

As a member of the coalition, the Academy emphasizes the importance of building a Social Security retirement strategy into a holistic retirement financial plan.

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Posted on April 14, 2015  |  Write the first comment
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Thursday, February 26, 2015

When You’re Planning Your Financial Future, Keep Social Security in Mind

Kristen Arnold, Income Security Program Analyst, NASI

The National Academy of Social Insurance joins nearly 1,700 organizations nationwide during America Saves Week, by highlighting its public education campaign to help Americans boost their financial security in retirement

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Posted on February 26, 2015  |  Write the first comment
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Wednesday, January 28, 2015

Disability Insurance: Clarifying the Choices

William J. Arnone, Board Chair, National Academy of Social Insurance

G. Lawrence Atkins, President, National Academy of Social Insurance

Social Security Disability Insurance (DI) is much in the news these days. It can be hard to separate fact from fiction. Here are some key points to keep in mind.

DI Basics
DI provides essential wage-replacement income to workers who have lost their capacity to earn a living due to the onset of a severe, long-term disability. The DI definition of disability is very strict: a medical condition that prevents an individual from performing basic work activities for at least 12 months or that ends in death.

Although benefits are modest ($1,145 a month on average), more than half of disabled worker beneficiaries rely on these benefits for 75% or more of their total income.

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Thursday, October 9, 2014

A Call for Proposals to Improve the Social Security Disability Insurance Program

Marc Goldwein, Committee for a Responsible Budget

My colleagues and I at the CRFB have been working on an initiative, led by former Congressmen Earl Pomeroy and Jim McCrery, to identify and put forward meaningful improvements that could be made to the SSDI program. The McCrery-Pomeroy SSDI Solutions Initiative hopes to generate the types of reforms that could accompany reallocation, interfund borrowing, or (preferably) a comprehensive Social Security reform package.

As part of the initiative, we have spoken with program experts, advocates, and practitioners of all different perspectives and ideologies. These discussions confirmed what we already knew to be the case: the SSDI program provides a vital support structure for many workers with disabilities and their families. But they also identified several areas where the program and the government could be doing better.

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Tuesday, September 2, 2014

Bring Back Social Security Replacement Rates!

Alicia H. Munnell, Center for Retirement Research, Boston College

Each year, the Social Security actuaries project the system’s financial outlook over the next 75 years, and these projections are published in the annual Trustees Report.  Since 1989, these Reports have included data on future benefits as a percent of pre-retirement earnings – commonly called replacement rates – for workers at different places on the income scale.  That is, the Reports did include these data until this year, when the trustees decided to delete them.

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Posted on September 2, 2014  |  1 comment  |  Add your comment
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