A Less Colorful Waterfall Chart With CDR Numbers

 

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The Waterfall Chart For 2023

 

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Another Super Bowl Poll

 

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A Poll

 

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Problems With Retirement Earnings Test

     From The Social Security Administration’s Enforcement of the Earnings Test, a report by Social Security's Office of Inspector General:

The earnings test is a provision of the Social Security Act that requires that SSA withhold payments from beneficiaries who are under full retirement age (FRA) if their earnings exceed a certain limit. ...

SSA did not accurately or timely pay beneficiaries subject to the earnings test. As a result, we estimate SSA:

• inaccurately calculated approximately 47,000 of the 294,000 earnings-test overpayments established in FY 2021, totaling more than $148 million;
• inaccurately paid approximately 9,000 beneficiaries approximately $29 million based on estimated earnings that were more or less than their actual earnings; and
• did not timely pay approximately 176,000 beneficiaries approximately $81 million in monthly benefit increases. ...

    And to think that the retirement earnings test used to apply to all retirees regardless of age.

Overdue

    From Joe Davidson at the Washington Post:

The Democratic chairman of a powerful Senate committee on Wednesday called on President Biden to fire the lead watchdog for the Social Security Administration, pointing to stalled investigations and plunging staff morale.

In a letter sent Wednesday to the White House, Sen. Ron Wyden (Ore.), chairman of the Senate Finance Committee, said promises by Inspector General Gail Ennis to “establish a culture that welcomes debate, collaboration, and transparency … appear to have been hollow.”

“I urge you to remove her,” Wyden wrote. ...

Monthly OHO Report

 

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An Interesting Employee Benefit

     From a contracting notice posted by the Social Security Administration:

... The Contractor shall administer a reimbursement process for employees who choose to utilize SSA’s Pick Your Own Provider emergency backup dependent care program for temporary or short-term services for employees who are scheduled to work, and their regular care arrangements are disrupted. This will allow employees to continue working knowing that their dependents are being cared for in a safe environment. When employees use the Pick Your Own Provider program, they are required to locate their own provider and pay for all costs. The contractor will administer a process to reimburse employees a $100 flat fee for each day of emergency backup care provided.  Employees can utilize the Pick Your Own Provider program for a maximum of 5 days of emergency backup dependent care per contract period. ...