Monday, June 16, 2014

The RAISE Act is a proposal to expand Social Security

Leaders in Washington Pushing to Strengthen and Expand Social Security

Article Excerpt: "...The RAISE Act is not the only proposal to expand Social Security. Last year, Sen. Tom Harkin (D-IA) introduced the Strengthening Social Security Act (S. 567) in the Senate, with Rep. Linda Sanchez (D-CA) introducing a companion bill in the House (H.R. 3118). The Strengthening Social Security Act proposes adjusting the benefits formula to provide an increase in benefits for most beneficiaries and improving the program’s finances by lifting the earnings cap on Social Security contributions. ..."



Resource: www.apwu.org

Wednesday, June 11, 2014

Does Social Security intentionally produce low-ball benefit estimates?

Why You Shouldn't Trust Social Security's Lowball Estimate

Article Excerpt: "...“It’s intentionally used to produce low-ball benefit estimates so people will save more on their own and they won’t be so hurt if the system’s benefits are cut in the future, which seems likely. ..."



Resource: www.forbes.com