As congressional leaders continue to negotiate economic recovery legislation to “build back better” in the wake of the COVID-19 pandemic, the Academy’s new fact sheet on Supplemental Security Income (SSI) provides a quick look at the many ways this critical but long-forgotten part of our Social Security system has withered
“Building Back Better” for Older and Disabled Americans Requires Bringing Supplemental Security Income (SSI) into the 21st Century
“Building Back Better” for Older and Disabled Americans Requires Bringing Supplemental Security Income (SSI) into the 21st Century America’s Social Security system offers critical protection from poverty and hardship in old age, as well as for workers who are unable to support themselves through work
Designing Universal Long-Term Services and Supports Programs: Lessons from Germany and Other Countries
In 2019, Washington State enacted the first universal long-term services and supports (LTSS) program in the United States. It is a social insurance program, like Social Security or Medicare Hospital Insurance, into which virtually all workers contribute and from which all who meet the vesting requirements will be eligible to
The COVID-19 pandemic has highlighted both the severe inadequacy and major inequities in our country's caregiving infrastructure, including the high out-of-pocket costs of long-term services and supports (LTSS). For many families, care demands may become unmanageable, or manageable only at significant cost to family members’ health, well-being, income, and careers.
Emphasizing stakeholder voices and new partnerships The Academy’s 33rd annual policy conference, Pathways to Economic Security: Bringing All Voices to the Table, was held virtually on March 2-4, 2021. Stakeholders' perspectives led policy conversations around economic security throughout the keynotes, panel dialogues, and workshops. (While we are all stakeholders in economic security
In a new compendium, The Future of Social Insurance: Insights From the Pandemic, fourteen top experts on Social Security, Medicare, the economy, labor and workforce issues, retirement, aging, disability and long-term care, describe what we have learned from the pandemic so far. Each reflects on how social insurance programs have come to the aid of millions of Americans during today’s extraordinary economic and health catastrophes, and how policymakers might further strengthen the programs for future crises.
August 14, 2020, marks the 85th anniversary of the Social Security Act. Today, Social Security is one of the nation’s most popular government programs.
The Trump Administration recently issued an executive order temporarily suspending workers’ contributions to Social Security– a move without bipartisan support. President Trump has also indicated his desire to permanently end these dedicated contributions from workers and employers.
On Tuesday, May 5th, 2020, Academy Members and partners convened for the Academy's third Virtual Roundtable on Responding to the COVID-19 Crisis: Impacts on the Disability Community, moderated by Rebecca Vallas, Senior Fellow at the Center for American Progress. The online discussion featured three Academy experts:
The 2018 Report of the Social Security Trustees projects that revenues will be sufficient to pay all scheduled benefits until 2034 and roughly three quarters of scheduled benefits thereafter. In 2017, Social Security income from payroll contributions, tax revenues, and interest on reserves exceeded outgo by $44 billion. Reserves, now at $2.9 trillion, are projected to begin to be drawn down in 2018 in order to pay full scheduled benefits. The Disability Insurance (DI) Trust Fund is projected to cover scheduled benefits until 2032, and the Old-Age and Survivors Insurance (OASI) Trust Fund until 2034. On a combined OASDI basis, Social Security is fully funded until 2034, but faces a projected shortfall thereafter. After the projected depletion of the combined OASDI trust funds, Social Security contributions and tax revenues would continue to be received and would cover about 79 percent of scheduled benefits (and administrative costs, which are less than 1 percent of outgo).
What: A daylong policy convening that unveils bold new ideas on Social Security policy. The event will feature a diverse range of policy experts presenting their innovative ideas, many of which have never been discussed in a public forum.
When: Thursday, October 19, 2017, 10:00 am - 3:00 pm
Where: Ronald Reagan Building, Horizon Ballroom, 1300 Pennsylvania Avenue NW, Washington, DC
- Retirement security in an era of increasing and disparate longevity
- Improving benefits for life-time earners
- Providing retirement security to caregivers and to workers in a changing workforce
- Ensuring adequate revenue for social security