Your first job is a landmark occasion. You’re meeting new people, making professional connections, and probably cashing that first paycheck. You might be a little surprised when you see a portion of your earnings go to a tax called “FICA” for the Federal Insurance Contributions Act. This deduction goes to Social Security and is your way of helping us secure your today and tomorrow. It’s our job to keep the safety net of Social Security strong through your incremental contributions. Continue reading
Social Security has a strict definition of disability based on your inability to work and provide for yourself and your family. Disability benefits are available only to people with impairments so severe that they prevent any kind of significant, profitable work. Social Security pays only for total disability. No benefits are payable for partial disability or for short-term disability. Continue reading
November was National Family Caregivers Month. In his Presidential Proclamation in celebration of caregivers, President Obama reminds us that our great nation was founded on the ideal that we all do better when we look out for one another. For millions of Americans, this concept is more than an ideal. It’s a day-to-day reality. Continue reading
Today, there are nearly 5.4 million Americans living with Alzheimer’s disease. While most people associate the disease with old age, there are 200,000 Americans under the age of 65 living with it today. As with all forms of the disease, Early Onset Alzheimer’s is a progressive, terminal disease, which cannot be prevented, cured or even slowed.
Since the onset can occur in people as early as their thirties and forties, it often strikes during an individual’s prime working years, and as the disease progresses it prevents gainful employment. As a result, individuals are coming to grips with a devastating diagnosis all while losing employment and the salary and benefits that come with being employed. These individuals and their caregivers then must figure out how they will pay for their care. Continue reading
Here are six of the services we, at Social Security, are most thankful for: Continue reading
Social Security provides financial benefits, services, and information to help support you throughout life’s journey. On August 1, we celebrated the 60th anniversary of the beginning of the Social Security disability insurance program. Continue reading
When President Roosevelt signed the Social Security Act in 1935, he saw it as an innovative way to provide economic security for American workers. His advisers also envisioned disability insurance as part of the program, but it was 20 years later when it became a reality. Continue reading
The Social Security Board of Trustees today released its 76th annual report to Congress on the financial status of the Social Security trust funds. As a trustee of Social Security funds, I work with the other trustees to ensure the public is informed about the status of Social Security’s finances for the short term and over the next 75 years.
Workers earn their Social Security benefits by contributing through deductions from their paychecks. The Social Security trust funds include the Old Age and Survivors Insurance (OASI) fund, which pays benefits to retired workers and their families and to the families of deceased workers; and the Disability Insurance (DI) fund, which pays benefits to disabled workers and their families. Continue reading
Many people think that disability is something that happens to someone else. Unfortunately, disability is unpredictable and can happen to any person, at any age. Millions of Americans live with disabilities. Disability affects those afflicted and their families. Continue reading