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Keyword: socialsecurity

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  • The Quantum Nature of the Social-Security-Check Payment Schedule (The Check's In The Mail)

    02/10/2018 11:36:19 AM PST · by JoeProBono · 22 replies
    adriandorn ^ | Adrian Dorn -mathematician
    "I have a friend who receives his social security check on the fourth wednesday of every month. So, based on the concept of one month, he thought that each check was four weeks apart, regardless of dates. A month is a month. Given the randomness--periodicity over long periods of years notwithstanding [400 years]--of what day of the week might be what date of the month, I did a cursory glance at the math and accepted it, although it didn't feel right, those straggling days at the end must count for something. This month--November--he has to wait 5 weeks between checks....
  • Is Federal Paid Family Leave A Good Idea?

    02/03/2018 6:51:13 AM PST · by reaganaut1 · 73 replies
    Forbes ^ | February 2, 2018 | George Leef
    Leftists have been pushing the idea of paid family leave for a long time. It was one of the big early crusades of Bill Clinton’s presidency. The notion that the government should help cover the costs of having a child springs naturally from the “progressive” mindset that government should be there to provide in case anyone needs (or merely prefers) assistance. It also dovetails with the liberal political mentality that many votes are to be won by giving people stuff. And now, we find that people who are not on the left are nevertheless backing a paid family leave plan,...
  • Social Security's Death Knell Is Ringing. Can You Hear It?

    01/21/2018 9:46:42 AM PST · by Kaslin · 107 replies
    American Thinker.com ^ | January 21, 2018 | William Sullivan
    Social Security is, barring an immediate and massive overhaul in how benefits are paid to the back-end of the Baby Boomer generation and beyond, on its deathbed. There can be no mistaking that fact. Veronique de Rugy explains at Reason: Since 2010, [Social Security] has been running at a cash-flow deficit – meaning that the Social Security payroll taxes the government collects aren't enough to cover the benefits it's obliged to pay out. That should have been a signal that the time had come to look at reform. Instead, we've spent the last seven years ignoring the problem. To get...
  • Not News: Tax-Cut 'Crumbs' Were a Big Deal to Pelosi and Dems in 2011-2012

    01/13/2018 2:04:56 PM PST · by Kaslin · 2 replies
    Newsbusters.org ^ | January 13, 2018 | Tom Blumer
    On Thursday, House Democratic Party Minority Leader Nancy Pelosi characterized as "crumbs" the bonuses of $1,000 or more, pay raises of up to $3 per hour, and other benefits well over 100 companies have showered on over 2 million employees as a result of December's tax law passage. Given their track record, there's no reason to believe that the establishment press will report Pelosi's condescending remarks — or that they will remind their audience that in 2011 and 2012, the Obama administration and Democrats in Congress treated the prospect of workers losing $40 every other week in their paychecks as...
  • When Should You Take Social Security?

    12/31/2017 7:23:49 AM PST · by SeekAndFind · 223 replies
    Charles Schwab ^ | 12/30/2017 | By ROB WILLIAMS
    Key Points Taking Social Security benefits before you reach full retirement age may not be in your best interest. We’ll cover Social Security benefit eligibility and factors to consider when deciding when to take Social Security. The strategies for maximizing benefits can get complex—talk to your financial planner or tax professional if needed. When you start receiving full Social Security retirement benefits is a key question for your retirement plans. The first thing to understand is that the concept of “full retirement age” is a moving target that depends on your birth year (see table below). You can elect...
  • Clients need help filing Social Security disability claims

    12/28/2017 9:28:25 AM PST · by spintreebob · 30 replies
    investmentnews.com ^ | 12/28/17 | Mary Beth Franklin
    When financial advisers discuss Social Security benefits, it is usually in the context of counseling clients when to claim retirement benefits and the impact of that decision on the amount of survivor benefits for the remaining spouse. But one of the Social Security program's most valuable features is disability benefits that are paid to workers and their dependent family members when they are too sick or injured to work. Yet many advisers are at a loss when it comes to guiding a client through the disability application labyrinth. That's when it's time to call in the pros. One adviser contacted...
  • Officials: Fugitive Kentucky lawyer in massive Social Security fraud case captured in Honduras

    12/04/2017 8:12:10 PM PST · by ameribbean expat · 3 replies
    Federal agents spent months tracking down Conn, who cut off his electronic monitor and fled in June. Conn pleaded guilty in March to stealing from the federal government and bribing a judge in a more than $500 million Social Security fraud case.
  • Kentucky lawyer wanted for massive Social Security fraud captured in Honduras, officials say

    12/04/2017 8:21:01 PM PST · by jazusamo · 24 replies
    Fox News ^ | December 4, 2017 | AP
    A prominent Kentucky disability attorney at the center of a more than $500 million Social Security fraud case, who became the subject of a massive manhunt after he vanished months ago, has been captured in Honduras, officials announced Monday. Eric Conn was captured by a SWAT team as he came out of a restaurant in the coastal city of La Ceiba, the Honduras public magistrate’s office said in a news release . The office added that the arrest was “the product of arduous intelligence, surveillance and tailing by the agents.” U.S. federal agents spent months tracking Conn, who cut off...
  • Republicans Will Cut Social Security And Medicare After Tax Plan Passes, Says Marco Rubio

    12/02/2017 7:19:50 AM PST · by Mariner · 182 replies
    Newsweak via Yahoo ^ | December 2nd, 2017 | Nicole Goodkind
    Florida Senator Marco Rubio admits that the Republican tax cut plan to aid corporations and the wealthy will require cuts to Social Security and Medicare to pay for it. Rubio told reporters this week that in order to address the federal deficit, which will grow by at least $1 trillion if the tax plan passes, Congress will need to cut entitlement programs such as Social Security. Advocates for the elderly and the poor have warned that entitlement programs would be on the chopping block, but this is the first time a prominent Republican has backed their claims. “We have to...
  • This is why you shouldn’t count on Social Security: It was Meant as a Last Resort

    10/28/2017 3:57:33 PM PDT · by SeekAndFind · 191 replies
    MarketWatch ^ | 10/28/2017 | Alessandra Malito
    Many Americans rely on Social Security benefits to see them through retirement, but how much should they really be depending on those checks? Not very much, experts said. Social Security is not being used as it was intended, said Ric Edelman, executive chairman and co-founder of Edelman Financial Services in Fairfax, Va. and author of “The Truth about Your Future.” When Congress and President Franklin D. Roosevelt created the system in 1933, the program was designed to be a safety net for Americans — for those who had no financial support. Now, “a great many Americans are relying heavily on...
  • End of the Social Security Number? A White House Official Thinks So

    10/04/2017 8:08:22 AM PDT · by Red Badger · 97 replies
    www.wsj.com ^ | Updated Oct. 3, 2017 7:20 p.m. ET | By Yuka Hayashi
    One possibility is using cryptographic keys, or a combination of long random numbers WASHINGTON—The administration of President Donald Trump is exploring ways to replace the Social Security number with a safer system based on modern technology in the wake of the Equifax Inc. EFX -0.58% hack, the White House cybersecurity czar said Tuesday. Rob Joyce, the White House’s cybersecurity coordinator, said one possibility is using cryptographic keys, or a combination of long random numbers, to unlock personal data. The merit of such numbers is that they could be revoked once they are found to be compromised, he said. “I feel...
  • Psychologist in massive Social Security fraud case gets 25-year sentence (KY)

    09/22/2017 3:53:28 PM PDT · by jazusamo · 23 replies
    The Washington Times ^ | Dept 22, 2017 | Stephen Dinan
    The psychologist who helped pull off the biggest Social Security fraud in U.S. history was sentenced Friday to 25 years in prison. Alfred Bradley Adkins was part of the fraud ring orchestrated by Eric C. Conn, one of the country’s most prominent disability lawyers, and David B. Daugherty, a Social Security judge who rubber-stamped at least 1,700 bogus applications for benefits. All told, the scam would have cost the government at least $600 million in fraudulent lifetime benefits, according to the government’s conservative estimate. Some $93 million were already paid out before the scam was stopped, the government said. Judge...
  • Feds Paid $1.7 Million to Kids in Juvie

    09/20/2017 5:15:00 AM PDT · by ptsal · 9 replies
    The Washington Free Beacon ^ | Sept. 20, 2017 | Elizabeth Harrington
    The Social Security Administration improperly paid children in juvenile detention facilities $1.7 million, according to a new audit. The inspector general for the agency found that just four states accounted for the improper disability payments. The estimate for fraudulent payments was "conservative" since the audit did not compile all data from the four states reviewed...*snip SEE POST #1* "While SSA had established overpayments for 274 of these juveniles, we identified 273 instances where SSA was unaware of all or part of the confinement period. We determined that 158 of these juveniles were confined for 6 months or longer without SSA's...
  • Feds Paid Dead Veterans $37 Million

    09/06/2017 6:16:43 AM PDT · by ptsal · 12 replies
    The Washington Free Beacon ^ | Sept 05, 2017 | Elizabeth Harrington
    The Social Security Administration made $37 million worth of benefit payments to dead veterans, according to a new audit.The inspector general for the agency reported more retirement and disability payments could be made to deceased individuals if action is not taken to correct the government's death record system.
  • Why We're Doomed: The point is the present system cannot endure

    09/01/2017 8:44:20 AM PDT · by SeekAndFind · 13 replies
    Of Two Minds ^ | 08/31/2017 | Charles Hugh Smith
    Authored by Charles Hugh Smith via OfTwoMinds blog,The point is the present system cannot endure.Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000--and for the bottom 20% of workers, they've gone nowhere since the 1970s.Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.Last month I posted one reason Why We're Doomed: Our Economy's Toxic Inequality (August 16, 2017). The second half of why we're doomed is stagnant wages. Why do stagnating...
  • Social Security fraud judge gets 4 years in prison

    08/25/2017 3:39:05 PM PDT · by jazusamo · 25 replies
    The Washington Times ^ | August 25, 2017 | Stephen Dinan
    The Social Security judge who rubber-stamped more than 1,700 bogus disability applications as part of the largest disability fraud ring in American history was sentenced to four years in federal prison Friday. David B. Daugherty left the Kentucky courtroom in handcuffs after Judge Danny C. Reeves rejected the government’s recommendation of a year in home confinement, and instead gave him the maximum time allowed on the charges he pled guilty to. The judge also ordered Daugherty to pay $93 million in restitution to the government, according to witnesses in the courtroom. Daugherty was part of the disability fraud ring orchestrated...
  • New Research Confirms: No Crisis for Today's Retirees

    08/02/2017 10:40:24 AM PDT · by SeekAndFind · 6 replies
    Forbes ^ | 08/02/2017 | Andrew Biggs
    There’s nothing so classy as a policy wonk reveling in vindication. And I’m nothing if not classy. But there’s a bigger purpose to be served. What I – and more importantly, my co-author Syl Scheiber – were vindicated about is a 2014 Wall Street Journal op-ed arguing that perceptions of a “retirement crisis” are in part driven by bad data. Specifically, the Census Bureau’s Current Population Survey (CPS) is very poor at measuring the incomes that Americans derive from private retirement plans, including IRAs, 401(k)s and lump sum distributions from traditional pensions. As a result, retirees look poorer and more...
  • A Plan to Save Social Security: Simple and Workable

    07/25/2017 7:05:59 PM PDT · by SeekAndFind · 38 replies
    Townhall ^ | 07/25/2017 | Cal Thomas
    It is no secret that what the major media seem to care most about is radically different from what concerns average Americans. While the inside the Beltway crowd continues to focus on alleged collusion between President Trump and Russia, real concerns like the future of Social Security are ignored.The Social Security Board of Trustees, a six-member panel who serve the federal government by offering a short-term and long-range forecast on the health of the Social Security program, has issued a new report, which says that while the retirement program will be "cash flow positive" through 2021, it is still in...
  • Hits on federal retirement advance as bill is introduced to fire feds for ‘no cause at all’

    07/21/2017 7:52:09 AM PDT · by freedumb2003 · 68 replies
    Washington ComPost ^ | 7/21/2017 | Joe Davidson
    House Republicans greeted current and future federal employees with two controversial body blows in recent days — one amounts to a pay cut and the other would allow new feds to be fired for “no cause at all.” The House Budget Committee approved a spending plan that would save the government $163.5 billion over 10 years by taking that amount from federal employees. (snip) Republicans call their plan “Building a Better America.” But the Americans now working to build a better country through their federal jobs would be called on to sacrifice again, as they have repeatedly over the years....
  • News From The Social Security Ponzi Scheme: There isn’t enough cash coming in to pay retirees

    07/14/2017 8:53:33 AM PDT · by SeekAndFind · 103 replies
    Forbes ^ | 07/14/2017 | William Baldwin
    The government is out today with its annual update of Social Security’s sick finances: --The system is $12.5 trillion under water, up from $11.4 trillion a year ago. --Absent law changes, checks to retirees will have to be chopped 23% beginning in 2035. --To fix just the retirement pay program, Congress could kick up the payroll tax by 2.8 percentage points. Fixing Medicare’s disastrous finances would be in addition. --The retirement operation is running an $86 billion annual deficit. That’s the difference between the money coming in from Social Security’s share of payroll taxes (12.4% of covered payroll) and the...