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Social Security

Friday, February 5, 2016

Income, Health, and Wealth Inequality Emerge as Strategic Focus of Academy Following January Policy Research Conference

Kristen Arnold, National Academy of Social Insurance

A blizzard dropping nearly 28 inches of snow did not stop hundreds of social insurance experts from participating in the Academy’s 28th annual policy research conference last week, Disparate Income, Wealth, and Opportunity: Implications for Social Insurance. Co-chaired by Kilolo Kijakazi of the Urban Institute, Maya MacGuineas of the Committee for a Responsible Federal Budget, and David Colby, the two-day conference – built upon two Fall convenings on the same topic – ushered in the Academy’s new strategic focus on income and wealth inequality. Participants, including new and veteran Academy members, came together to share views from both sides of the aisle on income, wealth, gender, and racial/ethnic disparities and how social insurance and other public policies can play a role in mitigating them in fiscally sustainable ways.

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Thursday, August 13, 2015

Social Security’s Past, Present and Future

Benjamin Veghte, National Academy of Social Insurance

As we celebrate the 80th anniversary of Social Security, it is time to recall its contribution to the economic security of America’s working families, and to look toward its future.

Remarkably, for 80 years, through numerous wars and recessions, Social Security has never missed a payment, and has never contributed a penny to the federal debt. Self-financed through contributions by workers and their employers – augmented since 1983 by taxes on benefits – with its annual surpluses invested in U.S. Treasury Bonds, Social Security is walled off from the tumult of both the stock market and annual appropriations battles. While the rest of the government can – and does – accumulate debt, Social Security must, by law, live within its means.

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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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