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Syracuse Disability Blog

 

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House Passes Rules Restricting Discussion of Trust Fund Rebalancing

House Passes Rules Restricting Discussion of Trust Fund Rebalancing. This rule creates a serious problem for attempts to alleviate a coming shortfall in the Disability Insurance Trust Fund. Based on current projections, unless Congress acts by mid-2016, Social Security will only be able to pay about 80% of disability benefits; this shortfall largely occurred because of changes to America’s population and retirement age. The House rule prevents “clean reallocation,” a solution Congress has used 11 times in the past to shift money from one trust fund to the other when shortfalls arose. The reallocations have occurred in both directions. Clean…
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