The Importance Of Social Security

Doubleclick on the thumbnail of a page from a recent Washington Post/Kaiser Family Foundation poll to get an idea of what Americans think about Social Security.

Benefits Slashed In Britain

From the Daily Mail:

Hundreds of thousands of claimants are to lose their disability benefits as Britain’s bloated welfare budget takes the strain of public spending cuts.

More than £1billion is due to be slashed from the disability living allowance bill, forcing around 400,000 to seek work. ...

[Chancellor George] Osborne also plans to introduce tough new medical assessments for the three million claiming disability living allowance.

President Favors Raising Income Cap

From Reuters:

President Barack Obama said on Thursday he favored raising more revenue for Social Security to prolong the solvency of the U.S. retirement fund, rather than just cutting benefits or making people work longer.

Obama told a televised youth town hall event that he thought the best approach was to increase the amount of income subject to Social Security taxes above the current cap set around $106,000, but he did not rule anything out.

Resignation From OIDAP

Professor Mark Wilson has resigned from the Occupational Information Development Advisory Panel (OIDAP). Click twice on the thumbnail to read his letter of resignation. Note that he says that "I no longer feel that the management of this project can bring about the occupational information system that the agency and the country needs and that the panel envisioned."

It's Official: No COLA This Year

The Social Security Administration has made it official. There will be no cost of living adjustment (COLA) for Social Security benefits this year.

Vote On $250 Payments To Social Security Beneficiaries -- After The Election

The Associated Press is reporting that the House of Representatives will vote on Social Security Subcommittee Chairman Earl Pomeroy's plan for a $250 bonus payment to each Social Security beneficiary since there will be no cost of living adjustment (COLA) this year. The vote will come in the lame duck session of Congress after the election.

I am unable to comprehend why Democrats did not schedule this vote done before the election. I have to guess that Representative Pomeroy pressed for a vote before the election.

Non-Attorney ALJs?

From the Federal Register:

The U.S. Office of Personnel Management (OPM) is proposing to eliminate the licensure requirements for incumbent administrative law judges who are covered under the Administrative Law Judge Program.

SSI Computation Problem

I have no idea whether this is serious but Social Security has issued an emergency message to its field offices telling them to stop work on Supplemental Security Income (SSI) "5B diaries, 5H diaries, and the associated redeterminations and limited issues" because of incorrect or duplicative data received from the IRS. This may affect just a few people or a lot. It appears that it would have affected the computation of SSI benefits.