A
press release by the House Ways and Means Committee:
U.S. Congressman Sam
Johnson (R-TX), Chairman of the House Committee on Ways and Means
Subcommittee on Social Security announced today that the Subcommittee
will hold an oversight hearing on what workers need to know about Social
Security as they plan for their retirement. The hearing will take place on Tuesday, July 29, 2014 in B-318 Rayburn House Office Building, beginning at 11:00 a.m. ...
Future retirees face
far more questions than answers, as according to last year’s Annual
Report of the Social Security Board of Trustees, unless Congress acts,
revenues will cover only 77 percent of scheduled benefits beginning in
2033. Worse, revenues will cover only 80 percent of disability benefits
beginning in 2016. These findings will soon be updated in the 2014
Annual Report.
Social Security is
central to retirement security, yet Social Security’s complex benefit
formula is often confusing to workers and their spouses. ...
The hearing will
focus on the financial status of Social Security programs, the factors
influencing the benefits paid, the status of Americans’ retirement
readiness and how workers can be helped to better plan for their
retirement. ...
I'm guessing that the Senate Finance hearing scheduled for tomorrow and now this Ways and Means Committee hearing scheduled for next week are signs that the Social Security Trustees report is due out very soon, like today or tomorrow. We'll see.
No comments:
Post a Comment