Latest News
CMS Suggests Significant Changes to Medicare Part D and Medicare Advantage Prescription Drug Plans
On January 6, 2014, the Centers for Medicare and Medicaid Services (“CMS”) issued a proposed rule, “Contract Year 2015 Policy and Technical Changes to the Medicare Advantage and the Medicare Prescription Drug Benefit Programs,” (the “Proposed Rule”) with public comments…
Social Security Cheats Bilk Taxpayers in the Billions
Congress is demanding a “top-to-bottom” investigation into the Social Security Administration after a spate of high profile fraud cases have resulted in the loss of billions of tax dollars. During a hearing Thursday morning, Rep. Sam Johnson (R-TX), the chairman of…
Defined Benefit Plans: The Overlooked Retirement Vehicle For Successful Entrepreneurs
While they were once a crucial element of the American retirement landscape, defined benefit plans – pension plans, in laymen’s terms – have fallen out of favor in recent years, having taken on negative connotations in the wake of the financial crisis. Fair…
The New York City Fraud Allegations
Here is the description of the alleged disability fraud conspiracy in New Yorkgiven by Social Security’s Inspector General to the House Social Security Subcommittee today: Upon retiring from the NYPD [New York Police Department] or FDNY [New York Fire Department] (a…
You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion
While federal unfunded liabilities are important, state-level unfunded pension liabilities also pose serious obstacles. In Texas, the recent 2013 Employees Retirement System (ERS) Valuation Report outlines the funding shortages this pension system faces and there is some indication it may be unable to pay beneficiaries by…
News From The SOCIAL SECURITY ADMINISTRATION
Now Is The Time To Prepare For Tax Season: Wise taxpayers may want to take advantage of winter months indoors to prepare for tax filing season this spring. Whether you are a small business owner, a retiree, or a new parent,…
We’re entitled to reform – Abuses in disability-benefit disbursement should be stopped
Did you hear the one about the federal entitlement program that’s going broke? Not Social Security, the other one. No, not Medicare, the other one. If you’re one of the 11 million people receiving a federal disability check, then you know…
Key Lawmaker Seeks Disability Fraud Review
A top lawmaker on Thursday morning is expected to demand a top-to-bottom review of the Social Security Administration’s management structure, following a series of disability scandals that have rocked the agency and led to widespread government scrutiny. Rep. Sam Johnson (R., Texas), who…
Retirement & Social Security
IWPR is a leading national resource on women’s income security—especially the economic security of women in retirement and the possible effects of Social Security changes on women. Research from IWPR has shown the current Social Security program is a mainstay for…
Americans Rate Economy as Top Priority for Government
Americans have a distinct sense of priorities for issues facing the nation in the next year, with more saying it is extremely or very important for the president and Congress to address the economy than any other issue. Read more……