Ads have suddenly started showing up on this blog without my permission. I won't promise to never take ads, but the ads showing up now are unwanted, especially since I'm not being paid for them! I'm talking with Blogger.
May 18, 2009
What's Behind This?
A notice posted by Social Security on FedBizOpps.Gov:
The Social Security Administration (SSA) has a requirement for contractor services to collect, classify, and analyze occupational characteristics; job information; and functional limitation information documented in electronic claims of SSA adult title II and title XVI disability claims. Additionally, the contractor will perform a review of claims adjudicated at the initial and hearings levels for claims allowed or denied based on vocational factors at Steps 4 and 5 of the Sequential Evaluation Process.
Results Of Most Recent Unscientific Poll
The $250 economic stimulus checks are coming out now. What response are you seeing to these checks?
Total Votes: 72
| I haven't been getting calls about the checks. (30) | 42% |
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| I've gotten a few calls about the checks, but nothing much. (12) | 17% |
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| I've been getting quite a few calls about the checks. (4) | 6% |
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| I've been bombarded with calls about the checks to the point that it's hard to get anything else done. (2) | 3% |
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| I'm not in a position to be getting calls about these checks. (19) | 26% |
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| $250 economic stimulus checks? What are you talking about? (5) | 7% |
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Total Votes: 72
May 17, 2009
Viewpoints On The Trust Funds
The National Academy of Social Insurance (NASI) sponsored a briefing on Friday where experts discussed the recently released Social Security Trustees report. Social Security's Chief Actuary Stephen Goss, Henry Aaron of the Brookings Institute and Charles Blauhous of the Hudson Institute, among others, spoke. The visuals prepared by the speakers are available online and are worth a look. Here is an excerpt from the materials prepared by Henry Aaron that caught my eye:
One-year change in value
Vanguard Prime Money Market [Mutual Fund]+ 1.97 %Vanguard Total Bond Market Index [Mutual Fund] + 3.85 %
[Vanguard] Target Retirement 2010 [Mutual Fund] -19.23 %
[Vanguard] Target Retirement 2050 [Mutual Fund] -32.43 %
S&P 500 Index -35.31 %
[Vanguard] Total International Stock [Mutual Fund] -43.11 %
Social Security + 5.8 %
Social Security = Security
By the way, if I had to guess, I would guess that we are likely to see Congress enacting some increase in Social Security benefit payments next year, despite the fact that the statutory cost of living adjustment formula would not grant such an increase. I would be surprised to see any action to address the long term solvency issues with the Social Security trust funds. in the next two years. Barbara Kennelly of the National Committee to Preserve Social Security and Medicare mentioned giving a "cost of living adjustment" to Social Security recipients despite the lack of an increase in the cost of living when she spoke on Thursday at the NOSSCR Conference. That was the first time I have heard that idea mentioned, but I am pretty sure that it will not be the last time I hear it mentioned. Doing this makes great political sense for Democrats. Yes, I know it is a bit irresponsible. The best defense I can give is that it is not nearly as irresponsible as ending the retirement earnings test, which the Republicans did just after taking control of Congress in 1994.
Update: Actually, the end of the retirement earnings test came in 1996 for those above full retirement age. It was part of the Contract with America Advancement Act.
Update: Actually, the end of the retirement earnings test came in 1996 for those above full retirement age. It was part of the Contract with America Advancement Act.
May 16, 2009
New Role For Social Security?
From today's New York Times (emphasis added):
The government could rein in aggressive marketing practices of health insurance companies, regulate their premiums and allow workers to drop out of group health plans to seek a better deal on their own under legislation being developed by leading Democratic senators. ...
Under the Senate proposals, everyone would be required to carry insurance. The requirement would take effect in 2013 ...
In addition, most employers would be required to offer insurance to their full-time workers, or else pay a special tax. The government would set minimum standards for benefits ...
Consumers could sign up for insurance at hospitals, schools, Social Security offices and state departments of motor vehicles.
What Do You Think?
From a Social Security press release:
The National Organization for Rare Disorders (NORD) has given Michael J. Astrue, Commissioner of Social Security, their Public Health Leadership Award. The award was presented at the 2009 NORD Gala at the National Press Club in Washington, DC. The NORD Gala is an annual event at which researchers and others are honored for significant achievements to improve the lives of people with rare diseases.
In recognizing Commissioner Astrue, NORD noted “his focus on reducing the disability backlog and improving service to the public.” A key component of the Commissioner’s backlog reduction plan is the agency’s Compassionate Allowances initiative, a way to expedite the processing of disability claims for applicants whose medical conditions are so severe that their conditions obviously meet Social Security’s standards. Social Security worked closely with NORD in developing the expedited decision process which was launched in October 2008 with a total of 50 conditions -- 25 rare diseases and 25 cancers.
Updated Fee Payment Information
The Social Security Administration has released the following updated information on payments of fees to attorneys and others for representing Social Security claimants:
Fee Payments | ||
|---|---|---|
| Month/Year | Volume | Amount |
Jan-09 | 28,423 | $101,128,880.69 |
Feb-09 | 31,352 | $112,791,207.17 |
Mar-09 | 29,199 | $104,155,187.96 |
Apr-09 | 30,963 | $110,133,425.19 |
May 15, 2009
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