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This Tuesday, House Republicans nearly unanimously adopted new rules for the 114th Congress (H. Res. 5) which set the stage for long overdue Social Security reforms to protect disabled Americans and seniors from indiscriminate benefit cuts.
The new rule strengthens the integrity of Social Security’s separate trust funds (disability and retirement) by putting a procedural barrier in place to prevent lawmakers from raiding retirement funds to shore up the bleeding disability trust fund. Page 32 of H. Res. 5 adds a point of order against weakening either trust fund, unless the changes result in an overall improvement to Social Security’s combined trust funds.
This change sets the stage for comprehensive Social Security reform in the 114th Congress.
originally posted by: Indigo5
a reply to: xuenchen
The headline is entirely wrong.
There is Social Security and there is also the Social Security Disability Fund.
Social Security is projected to be Solvent until 2033 under current conditions
The Social Security Disability Fund is only Projected to be Solvent for the next few years (unless it is changed)
Some have proposed using funds from SS to help pay the SS Disability until Congress fixes it. (Assuming they won't do squat in the next few years)
What the GOP have done is block any measure to keep Disability going after it runs out of money in 2016.
This bill is aimed at killing SS Disability...not saving SS and does nothing to prevent them from continuing to raid SS as needed....for every purpose OTHER than funding SS Disability.
The House on Tuesday passed legislation laying out parliamentary rules for the year. The bill included a little-noticed provision blocking Congress from shifting funds to prevent a 2016 shortfall in Social Security's disability insurance program.
The Social Security Administration's actuaries have projected that the disability insurance program's trust fund will run out of money next year, resulting in a 20 percent benefit reduction for nearly 11 million Americans.
(q) SOCIAL SECURITY SOLVENCY.—
(1) POINT OF ORDER.—During the One Hundred Fourteenth Congress, it shall not be in order
to consider a bill or joint resolution, or an amendment thereto or conference report thereon, that reduces the actuarial balance by at least .01 percent of the present value of future taxable payroll of the
Federal Old-Age and Survivors Insurance Trust
Fund established under section 201(a) of the Social
Security Act for the 75-year period utilized in the
most recent annual report of the Board of Trustees
provided pursuant to section 201(c)(2) of the Social
(2) EXCEPTION.—Paragraph (1) shall not
apply to a measure that would improve the actuarial
balance of the combined balance in the Federal Old-
Age and Survivors Insurance Trust Fund and the
Federal Disability Insurance Trust Fund for the 75-
year period utilized in the most recent annual report
of the Board of Trustees provided pursuant to section 201(c)(2) of the Social Security Act
originally posted by: MOMof3
From the article:
"Moreover, employer incentives to provide private disability insurance would help to provide benefits faster for those who become in need of them while emphasizing work accommodations over dependence."
There is the whole point. To get it privatized, then they will go after Soc Sec retirement. Sleaze bags.