Disability News

Social Security Trustees Release Annual Report to Congress

“Today’s report reminds us of why Social Security reform and overall entitlement reform is so important,” said U.S. Rep. Ron Lewis (KY-02), a member of the Ways and Means Social Security Subcommittee. “The facts of this report are undeniable. Millions of baby boomers are nearing retirement while the costs necessary to sustain Social Security and Medicare are growing exponentially. This report should refocus our concern and reinvigorate our efforts to address the serious challenges these programs face.”

The Trustees report warns that Social Security tax revenue will fall short of benefit costs beginning in 2017. By 2040, with trust fund revenue exhausted, Social Security will be sufficient enough to finance only 74 percent of promised benefits. The Trustees project that benefits will have to be cut 27%, or the payroll tax will have to be increased by 50%, to pay full promised benefits.Read more at house.gov

Please contact us if you or any qualified individual with a disability you know in Michigan has been discriminated against. Do not let anyone get away with violating the ADA.

	Did You Know?
	Disability Insurance Benefits is a coverage provided by the government If your Disability Insurance Benefits claim is approved, the monthly payment you will receive is set by your earnings (and Social Security tax payments) during your working career. There is no minimum rate. A person must prove that he or she became disabled while disability insurance coverage was in force or you are not entitled to Disability Insurance Benefits