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Tag Archives: Social Security
GAO Insights into the Nation’s Finances and the Role of the Debt Limit
Today, U.S. Comptroller General Gene Dodaro delivered testimony to Congress on our nation’s unsustainable long-term fiscal position. He said that the Congress and administration face serious economic, security, and social challenges that will require difficult policy choices in the short … Continue reading
Relief for Older Americans with Student Loans
An increasing number of older Americans have defaulted on their federal student loan debt. To recover this debt, the federal government can withhold a portion of Social Security payments—a process known as offsetting. A team led by Allison Bawden, a … Continue reading
National Save for Retirement Week
The U.S. population is changing and so is retirement. Boomers are aging, traditional pensions are shifting to voluntary contribution plans, and Social Security faces important financial challenges. Planning—and saving—for retirement is more important than ever. For National Save for Retirement … Continue reading
How Secure Is Social Security?
We often write about Social Security, and for good reason: it faces financial challenges and needs attention soon. The recently passed Bipartisan Budget Act of 2015 made a number of changes to temporarily stave off insolvency for Social Security’s disability … Continue reading
How Is SSA Keeping Up at 80?
Eighty years after FDR signed it into existence, the Social Security Administration is managing one of the nation’s largest social safety nets. SSA oversees hundreds of billions in benefits paid to around 60 million retired or disabled Americans every year. … Continue reading
Join Our AskGAOLive Chat on Retirement Savings, Monday June 29th
Retirement is around the corner for the Baby Boom generation. However, changes in pension plans and uncertainty about the future of Social Security raise questions about whether this and other generations of Americans are saving enough to retire.
Podcast on Americans’ Retirement Security
As baby boomers move into retirement age, their retirement security is getting a lot of attention, due to longer life expectancies, private-sector pension changes, and uncertainty about Social Security’s long-term fiscal condition.
Posted in Podcast, Retirement Security
Tagged baby boomer, defined benefit, defined contribution plan, EWIS, pension, retirement, savings, Social Security
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Fiscal Exposures: 5 Sources of Risk that Drive Future Spending
In tandem with today’s release of our audit of the federal government’s fiscal year 2014 consolidated financial statements, we want to highlight our work on fiscal exposures. This is a term that describes services or expenditures that Americans may expect, … Continue reading
Podcast on Physician-Assisted Fraud in SSA Disability Benefits
Each year, the Social Security Administration relies on medical evidence to determine whether millions of new disability benefit claimants are qualified. This evidence, and those who provide it, have raised questions about potential fraud. Hear our podcast with Dan Bertoni, … Continue reading
Questionable Business Practices and Pension Advances
Pensions, in addition to Social Security, are what allow millions of middle-class retirees to maintain a reasonable standard of living. Any loss of pension benefits (partial or otherwise) can significantly affect a retiree’s ability to pay monthly living expenses, medical … Continue reading
