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Wednesday, November 30, 2011

Project on Social Security in Rural Areas Reveals Impact of the Program on Local Economies

Jennifer Clark, National Academy of Social Insurance

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.

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Monday, November 21, 2011

Thankful for Three Key Social Insurance Programs That Kept More Than 24.0 Million Americans Out of Poverty in 2010

Jasmine Tucker, National Academy of Social Insurance

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.

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Friday, November 4, 2011

Open Letter to The Washington Post on Incorrect Social Security Claims

Janice Gregory, President, National Academy of Social Insurance

Dear Editor:

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Posted on November 4, 2011  |  Write the first comment
Thursday, October 27, 2011

Lessons from the Likely Demise of CLASS

Lee Goldberg, National Academy of Social Insurance

Lee GoldbergOn 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.

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Posted on October 27, 2011  |  3 comments  |  Add your comment
Thursday, October 20, 2011

Social Security Privatization: What the Candidates Can Learn from Central Europe and Latin America

Elaine Fultz, Former director of the International Labor Organization office for Russia, Eastern Europe, and Central Asia*

In recent weeks, all but one of the Republican Presidential candidates (Jon Huntsman) have made comments favoring privatization of social security, that is, its replacement or partial replacement with privately managed individual investment accounts.  This was the approach advocated by President George W. Bush, unsuccessfully, after his reelection in 2004. The candidates’ renewed interest in social security privatization is striking given the recent volatility of financial markets and the losses that Americans have incurred in their 401(k) and other private investment accounts.  It is perhaps even more striking given the large body of analysis showing that privatization would disadvantage low- income workers while benefitting the wealthiest Americans. This was, for example, a key finding of the U.S.

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Posted on October 20, 2011  |  1 comment  |  Add your comment