Government Information

Earl Gregg Swem Library

Budget and Economic Data

Categories: Govt Finance,Medicare/Medicaid,Retirement/Social Security,Statistics

https://www.cbo.gov/about/products/budget_economic_data

New site which features budget, economic, revenue, and spending projections; historical budget data, 10-year trust fund projections, and more. From the Congressional Budget Office

 

Income Taxes on Social Security Benefits

Categories: Retirement/Social Security,Statistics,Taxes

https://www.ssa.gov/policy/docs/issuepapers/ip2015-02.html

Presents modeling projections of the percentage of Social Security recipient families (56%) that will owe federal income tax on their benefits as well as the proportion of benefit income they will owe as income tax in selected years from 2015 to 2050. From the Social Security Administration

 

Social Security Policy Options, 2015

Categories: Disability,Govt Finance,Retirement/Social Security,Welfare/Social Services

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51011-SSOptions.pdf

Analyzes 36 policy options commonly proposed by policymakers for the program that accounts for nearly one-quarter of all federal spending. The options are designed to improve Social Security’s long term finances. From the Congressional Budget Office

 

Social Security and Social Security Disability Insurance (SSDI) Provisions in the Bipartisan Budget Act of 2015

Categories: Disability,Govt Finance,Laws/Regulations,Retirement/Social Security,Welfare/Social Services

http://www.fas.org/sgp/crs/misc/R44250.pdf

Explains how the Disability Insurance Fund, on track to be exhausted by 2016, will gain a greater share of Social Security payroll tax money until at least 2018 under provisions of the Bipartisan Budget Act of 2015.   Also increases the penalties for benefits fraud. From the Congressional Research Service, posted by the Federation of American Scientists

 

MyRA.gov

Categories: Consumer Info/Protection,Retirement/Social Security

https://myra.gov/

New federal site designed to make retirement saving easier for workers without easy access to a retirement benefit. Works like a Roth IRA account but invests in conservative U.S. treasury retirement savings bonds while charging no fees and requiring no minimum balance. From the Treasury Department

 

Disability Insurance: SSA Could Do More to Prevent Overpayments or Incorrect Waivers to Beneficiaries

Categories: Disability,Govt Finance,Headlines,Retirement/Social Security,Welfare/Social Services

http://www.gao.gov/assets/680/673426.pdf

In 2014 the Social Security Administration identified $1.3 billion in overpayments in the Disability Insurance program. This report examines the extent of work-related overpayments and waivers in the DI program, how SSA procedures are expected to prevent overpayments, and how appropriate decisions are made on when to waive overpayment reimbursements. From the Government Accountability Office

 

Social Security’s Future: Answers to Key Questions

Categories: Disability,Govt Finance,Retirement/Social Security,Statistics,Welfare/Social Services

http://www.gao.gov/assets/680/673385.pdf

Latest issue of a guide first issued in 2005. Describes the complexities of the Social Security program, the current financing challenges, and the options available to respond to these challenges. From the Government Accountability Office

 

OASDI and SSI Program Rates and Limits, 2016

Categories: Elderly,Headlines,Medicare/Medicaid,Retirement/Social Security,Statistics

http://www.ssa.gov/policy/docs/quickfacts/prog_highlights/RatesLimits2016.pdf

Bad news for those on Social Security who will receive no cost of living adjustment for 2016. Also covers tax rates, maximum taxable earnings lid, maximum monthly benefit for workers retiring at full retirement age, and more. From the Social Security Administration

 

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