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Social Security — OASDI Beneficiaries by State and ZIP Code, 2013

November 7, 2014 Comments off

Social Security — OASDI Beneficiaries by State and ZIP Code, 2013
Source: Social Security Administration

This annual publication focuses on the Social Security beneficiary population at the ZIP Code level. It presents basic program data on the number and type of beneficiaries and the amount of benefits paid in each state, Social Security Administration field office, and ZIP Code. It also shows the number of beneficiaries aged 65 or older.

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Social Security Bulletin, Vol. 74, No. 4 (released November 2014)

November 6, 2014 Comments off

Social Security Bulletin, Vol. 74, No. 4
Source: Social Security Administration

How Effective Is the Social Security Statement? Informing Younger Workers about Social Security
by Barbara A. Smith and Kenneth A. Couch
The Social Security Administration began mailing annual earnings and benefit statements to workers aged 60 or older in 1995, and increased its mailings to include workers in younger age groups in succeeding years. In 1998, the agency commissioned the Gallup Organization to evaluate the effects of these statements on the public’s knowledge of Social Security programs and benefits. This article briefly describes the development and implementation of the Social Security Statement; discusses the Gallup surveys conducted in 1998 and 2001; and uses data from those surveys to compare, for workers aged 46 or younger, knowledge about Social Security before and after receipt of the Social Security Statement.

Incentivizing Delayed Claiming of Social Security Retirement Benefits Before Reaching the Full Retirement Age
by Melissa A. Z. Knoll and Anya Olsen
Claiming Social Security retirement benefits before the full retirement age (FRA) results in permanently lower benefits, while delaying claiming permanently increases benefits. This article uses Modeling Income in the Near Term data to determine the socioeconomic characteristics of individuals who claim at various ages. The authors then describe a number of novel approaches aimed at encouraging individuals to delay claiming in the months and years before reaching their FRA. Lastly, the authors model one of those approaches to examine how a 1-year delay in claiming affects benefits and poverty in the future.
Improving Access to Benefits for Persons with Disabilities Who Were Experiencing Homelessness: An Evaluation of the Benefits Entitlement Services Team

Demonstration Project
by Elizabeth Kennedy and Laura King
This study uses administrative data to evaluate the outcomes of Supplemental Security Income (SSI) and Disability Insurance (DI) applications submitted through the Benefits Entitlement Services Team (B.E.S.T) project, an initiative funded by the Los Angeles County Department of Health Services to help individuals experiencing homelessness apply for SSI payments and/or DI benefits. The authors discuss the allowance rates and processing times for B.E.S.T applications, the combination of internal and external methods that supported the B.E.S.T application process, and the characteristics of B.E.S.T applications that increased the likelihood of an allowance.

Social Security Programs Throughout the World: Europe, 2014

October 24, 2014 Comments off

Social Security Programs Throughout the World: Europe, 2014
Source: Social Security Administration

This first issue in the current four-volume series of Social Security Programs Throughout the World reports on the countries of Europe. The combined findings of this series, which also includes volumes on Asia and the Pacific, Africa, and the Americas, are published at six-month intervals over a two-year period. Each volume highlights features of social security programs in the particular region.

The information contained in these volumes is crucial to our efforts, and those of researchers in other countries, to review different ways of approaching social security challenges that will enable us to adapt our social security systems to the evolving needs of individuals, households, and families. These efforts are particularly important as each nation faces major demographic changes, especially the increasing number of aged persons, as well as economic and fiscal issues.

Fast Facts & Figures About Social Security, 2014

October 3, 2014 Comments off

Fast Facts & Figures About Social Security, 2014
Source: Social Security Administration

Fast Facts & Figures answers the most frequently asked questions about the programs administered by the Social Security Administration (SSA). It highlights basic program data for the Social Security (retirement, survivors, and disability) and Supplemental Security Income programs. Most of the data come from the Annual Statistical Supplement to the Social Security Bulletin, which contains more than 240 detailed tables. The information on the income of the aged is from the data series Income of the Population 55 or Older. Data on trust fund operations are from the 2014 Trustees Report.

The tables and charts illustrate the range of program beneficiaries, from the country’s oldest to its youngest citizens. In all, about 63.2 million people receive some type of benefit or assistance.

Social Security Board of Trustees: No Change in Projected Year of Trust Fund Reserve Depletion

July 28, 2014 Comments off

Social Security Board of Trustees: No Change in Projected Year of Trust Fund Reserve Depletion
Source: Social Security Administration

The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033, unchanged from last year, with 77 percent of benefits still payable at that time. The DI Trust Fund will become depleted in 2016, also unchanged from last year’s estimate, with 81 percent of benefits still payable.

In the 2014 Annual Report to Congress, the Trustees announced:

  • The combined trust fund reserves are still growing and will continue to do so through 2019. Beginning with 2020, the cost of the program is projected to exceed income.
  • The projected point at which the combined trust fund reserves will become depleted, if Congress does not act before then, comes in 2033 – the same as projected last year. At that time, there will be sufficient income coming in to pay 77 percent of scheduled benefits.
  • The projected actuarial deficit over the 75-year long-range period is 2.88 percent of taxable payroll — 0.16 percentage point larger than in last year’s report.

Information For Agencies And Other Organizations: How To Get Proof Of Social Security Numbers Or Benefits

June 24, 2014 Comments off

Information For Agencies And Other Organizations: How To Get Proof Of Social Security Numbers Or Benefits (PDF)
Source: Social Security Administration

To efficiently meet the needs of the public, we will begin phasing-in two service changes. Effective August 1, 2014, we will stop providing Social Security number (SSN) printouts and, effective October 1, 2014, we will offer benefit verifications in our field offices only in emergency situations, in cases of hardship, or when a benefit verification is needed and cannot be obtained through another service channel. In January 2013, we made benefit verifications available online. The public can get an instant letter online with a personal my Social Security account, or they may continue to call us toll-free to request a letter by mail. Our local offices will continue to do all that they can to assist members of the community. Since we now offer more convenient services, we are asking agencies and other organizations to use our specially developed online methods to obtain this information and assist our mutual customers in adjusting to this change.

Important Information About Social Security Benefits For Same-Sex Couples (updated)

June 23, 2014 Comments off

Important Information About Social Security Benefits For Same-Sex Couples (PDF)
Source: Social Security Administration

On June 26, 2013, the Supreme Court ruled that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional. Therefore, Social Security no longer is prevented from recognizing same-sex marriages for purposes of determining entitlement to or eligibility for benefits. Social Security is now processing some retirement, surviving spouse and lump-sum death payment claims for same-sex couples and paying benefits where they are due. If you are in, or are a surviving spouse of a same-sex marriage or other legal same-sex relationship, we encourage you to apply right away for benefits. You can apply for most benefits online at www.socialsecurity.gov/applyonline.

We also are considering same-sex marriages when processing some claims for Supplemental Security Income (SSI). Marriage may affect your SSI eligibility or payment amount.

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