House Rule Change to Deny Disability Insurance Funding‏

ssalogo[1]— by Mark D. Olshan and Rachel Goldberg

Among the first acts of the 114th U.S. Congress was the adoption of a new rule that will undercut Social Security as a whole, and risks steep cuts in Social Security Disability Insurance benefits (DI) by late 2016.

During the summer, the 2014 Social Security and Medicare Trustees Report stated the DI trust fund is at risk of being depleted by 2016. The latest forecast is consistent with past reports, including expectations in the early 1980s, when funding allocations between retirement and disability benefits were last adjusted. [Read more…]