Social Security 2017 Trustees Report

man sitting at desk on laptop Today, the 2017 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds was released.  To learn more, please visit http://ow.ly/crq630dC1i8. 

Join us on Facebook Live on 7/17 at 7 P.M. ET as we chat with Social Security’s Chief Actuary Steve Goss.

Note: The closed captioned version will be available within 24 – 48 hours of the broadcast.

 

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74 thoughts on “Social Security 2017 Trustees Report

  1. Social Security Issues

    After preliminarily reviewing the 2017 Annual Report of the OASDI Trustees, with a disabled friend, the Commissioner, beauty pageant winner, so as not to be delayed waiting for me to finish, is directed to resolve the following atherosclerosis causing social security issues, just like me, by the eclipse of August 21, in the 2017 Annual Report of the SSI Program.

    1. OASI owes $183.5 billion zero dollar damages to the DI trust fund 2009-2015 because of the inability of the Board of Trustees to do the calculus it takes to estimate the OASDI tax rate since 2000. $72.6 billion DI assets have been accumulated under the Bipartisan Budget Act of 2015 (2016-2018). This is less than $183.5 plus seven years of 2.5% interest in a 2.5% asset accumulation limit to ensure the higher yield investment of distributing the tax on the rich to the poor = $216.6 billion – $72.6 billion = $144 billion compensation for swallowing the OASDI tax rate key to the “not allowed to transfer funds from one trust fund to another”. Even after being cited for not doing the calculus right in the 2016 Annual Report and correcting the figures in the 2017 Annual Report the distribution of the 2016 OASDI tax rate is still fudged and the 2019-2022 are a few digits off.

    2. A 2.1% DI tax rate in calendar year 2019 and in the intermediate projection is the ideal rate to afford the DI trust fund the comfortable margin the smaller trust fund needs to save, pay the high cost scenario, and avoid bearing the combined costs, until after 2020. The 2.1 DI 10.3 OASI rate extends the OASI and OASDI deficits as long as possible, until 2021 in OASI at 2.1% DI tax rate, and can settle the rate once and for an Actuary whose highest level of incompetence is predicated on his inability to calculate the OASDI tax rate. Under current law a deficit is estimated to occur in the DI trust fund in 2019 and in the OASI and OASDI trust funds by 2022, the combined deficits are also larger. Thanks to the retirement of the Baby Boomers the 2.1% Social Security Matters DI tax rate of yesteryear has become the law.

    3. The 2.2% Cost-of-living adjustment (COLA) proposed in Table V.C1 of the 2017 Annual OASDI Report discriminates against the 3% COLA law, the 2.7% COLA (2017) promised in the 2016 Annual Report, the 2.7% (2018), 3.0% (2019) COLA negotiation to ensure exactly $777 SSI (2019) and the 2.2% DI tax rate CY 19. Two counts of deprivation of relief benefits under 18USC§246, one count of bribery of witnesses under 18USC§201 and two counts of terrorism under 18USC§2331 against government property or contracts (Smokey the bear pegs the Actuary as a contract slasher, not a burner like the OMB Director) under 18USC§1361via communication lines, stations, systems under 18USC§1362 to produce defective national-defense material under 18USC§2156 that constitutes torture under 18USC§2340A of 70.4 million hostages under 18USC§1203 that may be due process as the crime of genocide to make it clear that damaged mental faculties are not okay in the SSA Annual Report(s). Deprivation one: 3% annual COLA is needed for limited income beneficiaries to compete with 2.7% annual consumer price inflation. Deprivation two: The agreed upon 2.7% COLA (2018) from the 2016 Annual Report provided the stability that is needed for 3% COLA (2019) to equal SSI benefits of exactly $777 (2019). The 3.1% COLA (2019) is bribery of witnesses that unscientifically leads to a 2.6% COLA (2020) and thereafter, rather than either the 2.7% rate of inflation or 3% COLA. Attrition, the two counts of terrorism are in regards to the government reneging on the borderline scientific public contract with 2.7% CPI = 2.7% COLA (2018) from the 2016 Annual Report and the 2.2% COLA from the 2017 Annual Report that terrorizes the 2.2% DI 10.2% OASI intermediate tax rate. The Actuary’s one-year retarded COLA account cannot be allowed to intellectually disable December COLA negotiations for either the 2.7% (2018) inflation negotiation with God to compute $777 mo. SSI (2019) or 3% rule of law under Sec. 215(i) of the Social Security Act 42USC415(i). Be good to orphans and the very poor. And speak good words to people (The Quran, The Heifer: 83). Give orphans their property, and do not substitute bad things for good. Do not assimilate their property into your own. Doing that is a serious crime (The Quran, The Women: 2).

    Peter’s Principle is in any organization every employee rises to his level of incompetence. All valuable work is therefore done by people who have not yet reached that level. People must be cautious with leadership because they often accept positions of power for which they are not qualified although they may have performed well in another, lesser or more specialized position. Parkinson’s Law explains that work expands to fill the time available to do it. Or, that the amount of work done varies inversely to the number of people employed as the result of the Law of Diminishing Returns. Although more people can make a job go faster as long as there is somebody the job will get done. Any gain that a proprietor makes from employment is less than if the owner did it themselves and becomes even more marginal the more employees there are. Estimates must be crunched in the park. Tables sooner than solar eclipse.

  2. Preliminary SSI and OASDI Trust Fund Operation Tables HA-31-7-17 http://www.title24uscode.org/ssioasdi.pdf

    The Social Security Trust funds are established in Sec. 201 of the Social Security Act under 42USC§401. They are sustained by the Federal Insurance Contributions Act (FICA) to ensure that an appropriate amount of tax dollars are transferred from the General Fund to the Social Security Trust Funds under 26USC§3121. Aside from effectively treating the intellectually disabling effects of calculus upon the arteries, the most important substantive social security issue in the United States pertains to the law regarding the cost-of-living adjustment (COLA) under Sec. 215(i) of the Social Security Act under 42USC§415(i). COLA has been neglected since the hyperinflation of the early 1970s and religiously abused as an OASDI tax rate calculus substitute since 2009. COLA must be re-interpreted to guarantee lower-income by law social security and other welfare program beneficiaries a 3% COLA to stay ahead of average 2.7% consumer-price-index (CPI) annually adjusted rate of inflation since 1980, provided the combined OASDI trust fund has a trust fund ratio greater than 20%, to comply with the Iron Law of Wages for high rates of catch-up economic growth to escape the inflation of printing Engel’s Law. Neither nation nor labor budget can afford to irregularly pay reparations for the resulting attrition of purchasing power. This attrition dangerously impoverishes and depletes the savings of lower income Americans. Lower-income social security and other welfare beneficiaries who do not have the patience to find rental expenses less than 30% of income, destitute at the end of the month. Lower-income workers, especially those with expensive children who need to legislate an automatic 3% annual increase in federal minimum wage under 29USC§206(a)(1)(D) and unemployment compensation contributions to ensure all 4 million women giving birth to United States citizens are equally paid maternity leave for 14 weeks maternity protection under ILO Convention 183 (2000) to reduce alarmingly high rates of legitimate demand by an industrialized nation for Supplemental Security Income (SSI) under Sullivan v. Zebley (1990) T with the payment of Temporary Assistance for Needy Families (TANF) under Sec. 404 of Title IV of the Social Security Act 42USC§604 and Supplemental Security Income (SSI) Program for the Aged, Blind and Disabled under Sec. 1611 of Title XVI of the Social Security Act 42USC§1382. There are three decisions that Social Security Administration (SSA) needs to make now, for fiscal and calendar year 2018. Hopefully in the first combined Annual Report on the OASDI and SSI Trust Funds. First, resolve to pay the high cost DI estimate to afford all social security beneficiaries their 3% COLA (or 2.7% 2018 and 3% every year thereafter to equal $777 SSI in 2019) and ensure working age contributing orphans and insulin dependent diabetes mellitus patients (IDDM) are qualified disabilities for a compassionate allowance. Second, compensate the DI Trust with 2.5% asset accumulation plus interest, for not being able to perform the OASDI tax rate calculation in a timely fashion 2009-2015, for an interest adjusted estimate of $240.4 billion transfer from OASI to DI in 2018. Third, create a Supplemental Security Income (SSI) trust fund to distribute the tax on the rich to end poverty by 2020 with a full SSI benefit, beginning with all 16-24 million children growing up in poverty in 2018.

  3. Why do some folks get their ss on the 3rd of the month & other’s on the 2nd weds. of the month? Those who get it on the 2nd weds. makes for a longer month to month as its rarely on the same day of the month. For instance, you get paid on the 9th one month, then on the 13th the next month. It’s just crazy!!!

    • Hi, Wilma. Mailing Social Security payments every 3rd day of the month was changed in May 1997 to help us prepare for the retirement of the “baby boomer” generation. It’s predicted that the Social Security Administration’s (SSA’s) beneficiary population will grow from over 59 million today to more than 88 million in the next 20 years. When all Social Security beneficiaries were paid on the 3rd of each month, it made the days immediately following “check day” the busiest in SSA field offices and telephone service centers. Now, under “payment cycling” as we call it, beneficiaries receive their payments on the 2nd, 3rd, or 4th Wednesday of the month according to the birthday of the person on whose record they receive benefits. This change has significantly helped us to spread out our workloads throughout the month, allowing our representatives with more time to attend to our daily demands, and try to provide our public with better service. We thank you for your feedback and appreciate your understanding!

    • Hi, Eric. You can get survivors benefits for as long as you continue to meet the eligibility requirements for the type of benefits you’re receiving (Children, widows, surviving divorced spouse, etc.). For example, unmarried children may be eligible to receive Social Security survivor’s benefits until age 18, or age 19 if attending elementary or secondary school full-time. To learn more, please visit our Survivors Planner web page. Thanks!

  4. Ray Fernandez, I need help! I have been abused by the process of filing for SSI and SSD benifits. My doctors have found me disabled for years. I filed 2013! My case has been such a convoluted mess and is absolutely criminal! I have a complaint filed on Judge Mareen Mauer suggested by the social security administration in Salem Oregon. This is so horrific it has caused a second reprsenitive to grow impatient and refuses to be subjected to the anxiety my case has caused them! Please someone help me! I’m despret to not be pawned off to another person that doesn’t have the know how to persue my case. Thank you, Michelle Edwards.

  5. I’m trying to find out how to replace my SNT trustees. One is my daughter, the other my son in law.
    There is nothing listed in the search of ssa.
    I need to speak with someone, with more knowledge than is available from the main phone number.

    775-301-6565

  6. I would like to contact Nancy Berryhill commissioner about a complaint on the social security office local here in Indianapolis and the main number for Social Security. I was awarded my Social Security Oct 21st 2017. The Social Security office called me and advised me about when I was going to get my back pay and monthly checks. The back payment check was sent the on Nov 3rd to my home. It was a for a large amount. The check issued with my first name and middle initial then on the address line they put my last name Black-Hughes. I took it to the bank and it kicked back saying the check was not good. I called social security and they advised to call the US DEPT OF Treasurers office and they are the ones that advised me about the check being wrong. I called back the SS office and they canceled the check and sent another one on Nov 14th, It was made out the same one as the first. I took it to the bank and once again it was refused. Once again I had called SS to let them know and they told me to go to the local office which I did . They took the check issued out a receipt and said the check would be voided and payment would be made by direct deposit to my bank. They said if I did not receive payment to contact their office back and they would investigate again. I went back last Thursday then the same person that I had talked too said there was nothing he could do . I asked for a supervisor and she came out and told me it could take 30 to days to get my funds. That was totally unexceptionable and I asked for her supervisor . A manager came out and said he would do a manager to manger request to get the funds released ASAP and still nothing has been done at this time. No request has been made.,, the check is still showing active and even with the letters that I received from the SS they will not take that as proof. I am getting ready to lose my car, my home, I owe several thousand of dollars out from having to borrow to pay my bills and not get evicted and these people are wanting their money and I am getting ready to get sued. I need help and need it now. I have contacted SS on the 800 line at least a dozen times with different answers from each one, have been to the local office 3 or 4 times and still a different answer and this is not being taken care of. It has been one month and 2 days that I have been waiting for these funds and have been nothing but blown off and ignored, Can someone please please help me get my payment? 313 288 4476

    • I have also contacted the US Attorneys office, and 3 local news channels to see if I can get help. And sending as many emails I can to get someone to help me.

    • We’re sorry for the inconveniences you’re experiencing, Kimberly. We have referred your complaint to our Field Operations Staff for follow up and to take corrective action as necessary. We appreciate your feedback, and thank you for bringing this to our attention.

  7. Hi. I am Billy key. I need help on my Social Security benefits. I need it for rent a apartment and lights and water and food. I get only 770$ for total disability and SSI. And 16$ food stamps.my phone number is 252-455-8264. Please call. Thank u. Have a nice day.

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