Navigation Links
The Senior Citizens League Finds No Support Among Seniors for Likely Disability Trust Fund Fix

Alexandria, VA (PRWEB) July 29, 2014

A leading proposal to temporarily fix the looming insolvency of the Social Security disability trust fund by reallocating payroll taxes has virtually no support among seniors, according to a new poll by The Senior Citizens League (TSCL). Less than one percent of seniors polled said shifting revenues from the Social Security retirement trust fund to pay disability benefits was the best way to fix the disability program’s financing. “TSCL believes this ‘band aid’ approach will not be quietly tolerated this time around,” says TSCL Chairman Ed Cates. “Today’s senior voters have clear preferences for how they think lawmakers should address the disability program’s funding shortfalls — reallocation of payroll taxes from the trust fund that pays retirement benefits is not one of them,” Cates states.

Congress has reallocated payroll taxes at least 9 times in the past to temporarily avert trust fund financing crises, according to the Congressional Research Service. “Doing so now would be much more difficult, because the retirement program is in cash deficit, and the government is borrowing money to cover retirement and survivor benefits,” Cates points out. “Reallocation from the retirement trust fund would mean the government would have to borrow more, a recipe for more explosive debt limit show downs in coming months,” he says. “The situation could put all Social Security benefits, including retirement and survivors benefits, at risk of cuts in debt limit negotiations,” Cates explains.

Although the Social Security trust fund is often reported as being solvent until 2033, there are two separate trust funds, each with separate insolvency dates. The trust fund for the disability insurance program is in the biggest financial trouble and is estimated to become completely exhausted in 2016 or by 2017. “With 2016 being a major presidential election year, either the next Congress will need to enact program changes next year, or risk running out the clock and triggering across the board benefit cuts,” Cates points out.

If Congress does nothing and the Social Security disability trust fund is allowed to become fully exhausted, there will still be payroll taxes coming into the program, but 11 million disability beneficiaries would see their benefits automatically cut by about 20%, according to the Congressional Research Service. The reallocation of payroll taxes from the retirement trust fund is likely to gain increasing attention from Congress in coming months, although it’s unclear when or if Congress will act.

The TSCL poll found seniors were closely split over the two other leading approaches to address the disability program’s solvency. Forty-eight percent favored tightening Social Security’s disability eligibility requirements and conducting more annual eligibility reviews to reduce fraud. Fifty-one percent favor requiring high wage earners to pay Social Security taxes on all of their incomes. “TSCL believes that the only way Congress will forge an agreement is through bipartisan efforts that use a combination of the two approaches,” Cates states. What do you think about issues affecting seniors? Take a poll. Visit TSCL’s website at


With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call 1-800-333-8725 for more information.

If you would like to continue receiving these press releases via email, please send your email address to sbenton(at)tsclhq(dot)org.

Read the full story at

Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Chronic Medical Conditions Can Shorten Seniors Lives: Study
2. Motivation explains disconnect between testing and real-life functioning for seniors
3. Inspiring Senior Athlete Lands Third World Title in One Year
4. Full Explanation Reduces Seniors’ Worries about Lung Cancer Screening
5. Home Care Assistance – Halton/Peel Region Weighs in on Alberta Communities Receiving Funding to Support Seniors and Senior Caregivers
6. NewYork-Presbyterian Hospital Names New Senior Vice President for Quality and Patient Safety
7. Hayes, Inc. Senior Vice President to Speak at AHRMM14 Conference
8. 5i Sciences Announces Appointment of a Senior Healthcare Consultant and Successful Financing
9. Scottsdale Senior Care Company Partners with Licensed Clinical Social Worker and Award-Winning Author to Host Webinar on Caregiver Mindfulness
10. Routine Errands a Risky Time for Falls by Seniors
11. North Carolina Seniors Guide Focuses on Continuing Care Retirement Communities in the Triangle in August 2014 issue
Post Your Comments:
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin ... injury. Recently, he has implemented orthobiologic procedures as a method for treating his ... of the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic ...
(Date:6/24/2016)... ... , ... A recent article published June 14 on E Online ... on to state that individuals are now more comfortable seeking to undergo not only ... calf and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians (BHP) ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Marcy was in a crisis. Her son James, ... out at his family verbally and physically. , “When something upset him, he couldn’t control ... use it. He would throw rocks at my other children and say he was going ...
(Date:6/24/2016)... ... June 24, 2016 , ... Dr. Amanda Cheng, an ... Dr. Cheng has extensive experience with all areas of orthodontics, including robotic Suresmile ... orthodontics. , Micro-osteoperforation is a revolutionary adjunct to orthodontic treatment. It can ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016  MedSource announced ... as its e-clinical software solution of choice.  This ... best possible value to their clients by offering ... The preferred relationship establishes nowEDC as the EDC ... for MedSource,s full-service clients.  "nowEDC has long been ...
(Date:6/23/2016)... INDIANAPOLIS , June 23, 2016 Roche ... received 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) ... severe sepsis or septic shock. With this clearance, Roche ... provide a fully integrated solution for sepsis risk assessment ... associated with bacterial infection and PCT levels in blood ...
(Date:6/23/2016)... Calif. , June 23, 2016 ... CST on Thursday, July 7, 2016 , , , , ... ) , , , , EXPERT PANELISTS:  , , ... Naik; Senior Industry Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar ... The global pharmaceutical industry is witnessing an exceptional ...
Breaking Medicine Technology: