Featured Jobs
|
Frank Pension Consultants, Ltd.
|
|
DWC - The 401(k) Experts
|
|
DWC - The 401(k) Experts
|
|
MAP Retirement
|
|
Retirement Plan Onboarding Specialist Compass
|
|
PPS Pension Services
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Text of CBO Testimony on the Social Security Disability Insurance Program: Funds Run Out in Three Years (PDF)
Congressional Budget Office [CBO]
Mar. 14, 2013
"In the past four decades, the number of workers with disabilities who receive benefits from the [Social Security Disability Insurance ('DI')] program has increased nearly sixfold, rising from 1.5 million in 1970 to 8.8 million in January 2013.... Since 2009, the program has paid out more each year in benefits than it received in dedicated revenues..... In 2023, CBO projects, the program's spending will be 0.82 percent of GDP, and dedicated tax revenues will be 0.66 percent of GDP. CBO projects that the DI trust fund will be exhausted in 2016, nearly 20 years before the projected exhaustion of [the] trust fund for the Social Security retirement program."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |