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Social security

Social Security has big problems as it turns 80

WASHINGTON — Social Security turns 80 on Friday, and the massive retirement and disability program is showing its age.Social Security's disability fund is projected to run dry next year. The retirement fund has enough money to pay full benefits until 2035. But once the...

Date: 08/14/2015 | Business Wire

Steps for saving the safety net

Social Security marks its 80th birthday Friday, and it's an occasion that should be celebrated. The program that provides a safety net of benefits for American workers and their families at retirement or in the event of disability or early death, was signed into law by President...

Date: 08/11/2015 | Editorials

Social Security turns 80: Changes needed to save program

WASHINGTON — As Social Security approaches its 80th birthday Friday, the federal government’s largest benefit program stands at a pivotal point in its history.

Date: 08/10/2015 | Nation & World

2nd hack exposed U.S. military, intelligence data

WASHINGTON — Hackers linked to China appear to have gained access to the sensitive background information submitted by intelligence and military personnel for security clearances, several U.S. officials said Friday, describing a second cyberbreach of federal records that could...

Date: 06/12/2015 | Nation & World

Hackers may have all federal workers’ data

WASHINGTON — Hackers stole personnel data and Social Security numbers for every federal employee, a government worker union said Thursday, asserting that the cyber theft of U.S. employee information was more damaging than the Obama administration has acknowledged.Sen.

Date: 06/11/2015 | Nation & World

China hacks federal personnel office

WASHINGTON - Hackers working for the Chinese state breached the computer system of the Office of Personnel Management in December, U.S. officials said Thursday, and the agency will notify some 4 million current and former federal employees that their personal data may have been...

Date: 06/04/2015 | Nation & World

Watchdog says ex-Nazis got $20.2 million in Social Security

WASHINGTON — Elfriede Rinkel’s past as a Nazi concentration camp guard didn’t keep her from collecting nearly $120,000 in American Social Security benefits.

Date: 05/31/2015 | Nation & World

Upset by political gridlock? Blame the boomers

KANSAS CITY, Mo. — At some moment this year a U.S. baby boomer will die and, if census forecasts are right, the generation born between 1946 and 1964 will no longer be the nation’s largest.

Date: 04/19/2015 | Nation & World

Marco Rubio’s budget ideas don’t add up

WASHINGTON — Marco Rubio’s toughest political opponent may be math.

Date: 04/16/2015 | Nation & World

‘Can’t speak English’ a disablity in Puerto Rico?

WASHINGTON — Hundreds of Puerto Rico's residents qualified for federal disability benefits in recent years because they lacked fluency in English, according to government auditors.The Social Security Administration's inspector general questioned the policy this month...

Date: 04/11/2015 | Nation & World

What Americans want: Spend more, tax less

WASHINGTON — Americans want lower taxes and more government spending both at once, although their support for spending more tax dollars on health care has dropped dramatically. They're likelier than ever to not feel connected to any particular religion, but no less likely to...

Date: 03/21/2015 | Nation & World

Worrying about Social Security? You're not alone

If you're concerned about the sustainability of Social Security, you're not alone. Those who are far from retirement may wonder if Social Security benefits will be there for them at all. And, many people who are close to retirement or already retired are...

Date: 03/19/2015 | Business columnists

Survey shows anxiety among poor nearing retirement

When it comes to retirement planning, there are two kinds of people: low-income Americans, who worry about saving enough money, and everybody else.That's the message of a survey out today from Bankrate, which asked 4,200 people last month why they weren't saving more for...

Date: 02/22/2015 | Commentary

GOP targets Social Security disability funding

WASHINGTON — House Republicans want Congress to address the troubled finances of Social Security’s disability program, setting the stage for a contentious debate that could affect 11 million people in the middle of the next presidential campaign.

Date: 01/07/2015 | Nation & World

Are you smart enough to retire?

When are reverse mortgages due? What triggers early withdrawal penalties? What exactly is covered by Medicare again?Retirement planning is hard, and most people struggle to understand the fundamentals, according to a new report by the American College of Financial Services,...

Date: 12/04/2014 | Business Wire

Can you afford to live longer?

The good news: You are likely underestimating how long you'll live. The bad news: You likely haven't figured that into your retirement planning.A recent

Date: 11/18/2014 | Editorials

Improper disability claims cost taxpayers $2 billion

WASHINGTON — A small group of Social Security judges have improperly approved disability claims for nearly 25,000 people who didn’t qualify, costing taxpayers $2 billion over the past seven years, government investigators conclude in a report being released Monday.

Date: 11/15/2014 | Nation & World

60,000 U.S. veterans get triple benefits

WASHINGTON — Nearly 60,000 veterans were triple dippers last year, drawing a total of $3.5 billion in military retirement pay plus veterans and Social Security disability benefits at the same time, congressional auditors report.

Date: 11/01/2014 | Nation & World

GOP changes tune on Social Security cuts

WASHINGTON — Cutting federal health and retirement spending has long been at the top of the GOP agenda. But with Republicans in striking distance of winning the Senate, they are suddenly blasting the idea of trimming Social Security benefits.The latest attack came in...

Date: 10/25/2014 | Nation & World

Millions in Social Security benefits to expelled Nazis

OSIJEK, Croatia — Dozens of suspected Nazi war criminals and SS guards collected millions of dollars in U.S. Social Security benefits after being forced out of the United States, an Associated Press investigation has found.

Date: 10/19/2014 | Nation & World

Social Security benefits get a small boost

WASHINGTON — For the third straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Date: 10/18/2014 | Nation & World

Anti-retirement plan: Work 9-to-5 past 65

WASHINGTON — Paul Hyman doesn’t much care for golf or beach resorts. He doesn’t have a boat and isn’t any good at painting.

Date: 10/05/2014 | Nation & World

Crooks clean up with counterfeit credit cards

The hottest scam in Florida and spreading nationwide, is the mass production of counterfeit credit cards embedded with account numbers of unwitting consumers.Always looking for new ventures, some of the same rings of identity thieves long engaged in other forms of fraud are...

Date: 09/28/2014 | Nation & World

U.S. budget deficit shrinks

WASHINGTON — The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire year since 2008.The August deficit was $128.7 billion, down 13 percent from the $147.9 billion deficit recorded in...

Date: 09/12/2014 | Business

Senior citizens burdened with student debt

WASHINGTON — Rosemary Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage, the 57-year-old anticipates there could come a day when her Social Security benefits will be docked to make the payments.

Date: 09/10/2014 | Business

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