U.S. Secretary of Labor Elaine L. Chao said she was encouraged by the first step the House of Representatives took last week in its passage of the Retirement Security Advice Act, a bill aimed at helping workers to better manage retirement savings by expanding the availability of investment advice.
Monthly Social Security and Supplemental Security Income (SSI) benefits to more than 50 million Americans will increase 2.6 percent in 2002, according to Larry G. Massanari, acting commissioner of Social Security.
Life expectancy for the U.S. population reached a record high of 76.9 years in 2000, according to a new report from the federal government's Centers for Disease Control and Prevention (CDC).
The Social Security Administration has activated special emergency handling procedures for survivor claims resulting from the terrorist plane crashes at the World Trade Center, at the Pentagon, and in Pennsylvania on September 11.
Sixty-three percent of those aged 65 and over in the U.S. either do not know or have incorrect information about Medicare coverage for long-term care, according to a new study.
The U.S. Equal Employment Opportunity Commission announced this week that it has effectively rescinded a new policy that could have had a dramatic impact on employers who provide benefits that supplement Medicare.
The leaders of both parties in the U.S. House of Representatives, Republican Speaker J. Dennis Hastert and Democrat Richard A. Gephardt, have said they would not support a bill that would make the sort of changes in Social Security being sought by President Bush.
The panel created by President Bush to consider major changes in the Social Security system has found itself in a firefight after producing an interim report that gives a gloomy assessment of the nation's retirement system.
The Social Security system is "broken," and the government must face the probability that it will have to slash benefits or raise taxes within 15 years, according to a preliminary report from a recently appointed White House commission.
