Tag Archives: Social Security Works

‘A National Disgrace’: Trump Proposes Social Security Change That Could End Disability Benefits for Hundreds of Thousands

“Donald Trump and his advisers know that this will kill people, and they do not care. Every current and future Social Security beneficiary must band together to defeat this horrific proposal, or else all of our earned benefits will be next.”

By Jake Johnson, staff writer for Common Dreams. Published 12-16-2019

Graphic: Government Accountability Office

Activists are working to raise public awareness and outrage over a little-noticed Trump administration proposal that could strip life-saving disability benefits from hundreds of thousands of people by further complicating the way the Social Security Administration determines who is eligible for payments.

The proposed rule change was first published in the Federal Register last month but has received scarce attention in the national media. Last week, the Social Security Administration extended the public comment period on the proposal until January 31, 2020. Continue reading

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Report Details How Social Security Has Become Rigged for the Wealthy While Leaving Behind Those It Was Designed to Help

“The program’s become less progressive,” said Jim Roosevelt, a former Social Security Administration official and grandson of FDR.

By Jake Johnson, staff writer for Common Dreams. Published 12-3-2019

The benefits of Social Security, a program designed to help vulnerable and low-income people, have since the 1980s become increasingly skewed toward the wealthy due to demographic shifts and soaring inequality, according to a new report.

Proponents of Social Security expansion, responding to the report (pdf) by Boston College’s Center for Retirement Research, said the New Deal-era program’s increasing regressivity was not inevitable, but the result of lawmakers’ refusal to enact basic progressive reforms such as lifting the cap on income subject to the Social Security payroll tax. Continue reading

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Bolstering Call to Expand Social Security, New Reporting Reveals How Corporations Are Offloading Pensions

Not only are pensions being offered less, existing pensions are being transferred to insurers, with employees suffering consequences

By Andrea Germanos, staff writer for Common Dreams. Published 8-7-2019

Economists “warn that rarely, if ever, can people replicate the security of a pension,” said Karen Friedman, executive vice president and policy director of the Pension Rights Center. (Photo: 401kcalculator.org)

New reporting showing companies’ scrapping of pension plans has gone into overdrive means that Social Security must be expanded, an advocacy group said Wednesday.

“Expanding Social Security is important for today’s retirees,” Social Security Works said in a tweet, “but even more important for tomorrow’s.

The shift from traditional pensions to 401(k) or similar retirement plans—a change panned as an inequality-fueling disaster—isn’t new. “But lately,” reported Axios, “those changes are happening even faster.” Continue reading

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