Regional Vice President of Sales The Retirement Plan Company
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Compass
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8 Matching News Items |
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Official Summary of the 2012 Annual Reports of the Social Security and Medicare Boards of Trustees
U.S. Social Security Administration [SSA] Apr. 23, 2012
"The long-run actuarial deficits of the Social Security and Medicare programs worsened in 2012, though in each case for different reasons. The actuarial deficit in the Medicare Hospital Insurance program increased primarily because the Trustees incorporated recommendations of the 2010-11 Medicare Technical Panel that long-run health cost growth rate assumptions be somewhat increased. The actuarial deficit in Social Security increased largely because of the incorporation of updated economic data and assumptions. Both Medicare and Social Security cannot sustain projected long-run program costs under currently scheduled financing, and legislative modifications are necessary to avoid disruptive consequences for beneficiaries and taxpayers."
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A Summary of the 2009 Annual Reports from the Social Security and Medicare Boards of Trustees
U.S. Social Security Administration [SSA] May 13, 2009
Excerpt: Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This message summarizes our 2009 Annual Reports.
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Status of the Social Security and Medicare Programs: A Summary of the 2014 Annual Reports (PDF)
Social Security and Medicare Boards of Trustees July 28, 2014
28 pages. Excerpt: "[Social Security's Disability Insurance (DI)] Trust Fund reserves ... declined to 62 percent at the beginning of 2014, and the Trustees project trust fund depletion late in 2016, the same year projected in the last Trustees Report.... The Trustees project that the Medicare Hospital Insurance (HI) Trust Fund will be the next to face depletion after the DI Trust Fund. The projected date of HI Trust Fund depletion is 2030, four years later than projected in last year's report."
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Status of the Social Security and Medicare Programs - A Summary of the 2008 Annual Reports
Social Security and Medicare Boards of Trustees Mar. 26, 2008
Excerpt: The financial difficulties facing Social Security and Medicare pose enormous challenges. The sooner these challenges are addressed, the more varied and less disruptive their solutions can be. We urge the public to engage in informed discussion and policymakers to think creatively about the changing needs and preferences of working and retired Americans. A national conversation and timely political action are essential to ensure that Social Security and Medicare continue to play a critical role in the lives of all Americans.
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Status of the Social Security and Medicare Programs
Social Security and Medicare Boards of Trustees May 16, 2011
The financial conditions of the Social Security and Medicare programs remain challenging. Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative modifications if disruptive consequences for beneficiaries and taxpayers are to be avoided.
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Status of the Social Security and Medicare Programs
U.S. Social Security Administration [SSA] Apr. 23, 2007
This is a summary of the 2007 Annual Reports from the Social Security and Medicare Boards of Trustees.
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Status of the Social Security and Medicare Programs: A Summary of the 2015 Annual Reports
The Board of Trustees, Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds July 23, 2015
"[T]he Trustees project [Disability Insurance] trust fund depletion late in 2016, the same year projected in the last Trustees Report.... After 2019, Treasury will redeem [Social Security] trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2034, one year later than projected in last year's Trustees Report.... The Trustees project that the Medicare Hospital Insurance Trust Fund will be depleted in 2030, the same year projected in last year's report."
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What Social Security's Underfunding Means for Your Retirement
U.S. News & World Report May 13, 2009
Excerpt: Social Security and Medicare's annual checkup revealed that the recession and longer life expectancies are taxing the health of the entitlement system. The Social Security Board of Trustees report found that program costs will exceed tax revenues in 2016, a year sooner than predicted in last year's report. The trust fund will be exhausted in 2037, four years sooner than the 2008 estimate. Here's a look at how the projections could affect your retirement plans.
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